Hudsons Bay now requesting to close all 96 stores in Canada [Video]

The oldest company in Canada spent Monday at Ontario Superior Court in Toronto to discuss its plan to liquidate its entire business — including 80 Bay stores, three Saks Fifth Avenue stores and 13 Saks Off 5th stores, and nearly half a billion dollars worth of inventory — if it is unable to secure additional financing. The process could last about 10 to 12 weeks, according to company lawyers.