Latest news with #AshleyTaylor
Toronto Sun
03-06-2025
- Business
- Toronto Sun
Hudson's Bay back in court to seek approval for Canadian Tire deal
Published Jun 03, 2025 • 2 minute read Store closing signage at the Hudson's Bay Company flagship store at Queen and Yonge Sts. in Toronto on May 28, 2025. HBC is closing all stores on June 1. Photo by CYNTHIA MCLEOD / TORONTO SUN TORONTO — Hudson's Bay returned to court Tuesday morning to seek approval for a $30-million deal it signed with Canadian Tire Corp. Ltd. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account If the deal gets the OK from Ontario's Superior Court, Canadian Tire will be able to buy the rights to Hudson's Bay's intellectual property, which includes its name, its coat of arms and its iconic stripes. Court documents have also shown the deal includes the Bay's Distinctly Home brand, its Hudson North apparel line, trademarks like 'Bay Days' and the Zellers catchphrase 'lowest price is the law' as well as a contract with Pendleton Woolen Mills, an Oregon-based blanket and clothing maker. 'The Canadian Tire transaction represents the highest and best process offer resulting from a competitive process,' Hudson's Bay lawyer Ashley Taylor said Tuesday, when asking Judge Peter Osborne to approve the deal. The move to get approval for the Canadian Tire deal comes months after Canada's oldest company filed for creditor protection and days after it closed all 96 of the stores it ran under its Bay and Saks banners on Sunday. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Osborne called the weekend closures 'a milestone, albeit an unhappy one' that amounts to 'the end of an era.' Hudson's Bay has said the sale and closures were necessary because the 355-year-old company was not able to attract an investor to keep some semblance of the current business alive. Canadian Tire wound up being the winner of the Bay's trademarks after the company and its advisers invited 407 people and firms to bid on the intellectual property and other assets. Adam Zalev, co-founder of Bay financial adviser Reflect Advisors, said in court documents that 17 bids were received. Thirteen were for intellectual property, but Canadian Tire's was 'superior to all other bids considered,' he said. Taylor asked for a document describing why Hudson's Bay chose Canadian Tire to be sealed because it contains commercially sensitive information, including the amounts offered by the next highest bidders. This advertisement has not loaded yet, but your article continues below. He said Hudson's Bay will eventually return to court to get approval for B.C. mall owner Ruby Liu to take over up to 28 Bay leases to develop a new department store. That deal needs the support of landlords. He also teased that two other deals concerning some of the other properties the Bay used will be announced soon. Taylor's remarks opened a hearing that is also supposed to deal with a request from RioCan Real Estate Investment Trust, which has a joint venture with the Bay. The venture has leases for 12 properties the department store used, but RioCan wants to put the partnership into receivership to protect its stakeholders and maximize the value it can recover. Receivership is a process allowing a third-party to take control of a company's assets, oversee their liquidation and repay creditors. Read More The court will also be asked to recognize the Bay as the former employer of all the department store's workers who have been terminated. The declaration will allow the Bay's 9,364 staff, including more than 8,300 who have already lost their jobs, to recoup money they may be owed from the retailer under the Wage Earner Protection Program Act. People who qualify under the federal program can earn up to $8,844.22 this year. Columnists Canada Sunshine Girls Olympics Technology
Yahoo
29-05-2025
- General
- Yahoo
Johnston man killed in wrong-way, head-on Highway 30 crash
STORY COUNTY, Iowa — A head-on crash east of Ames Wednesday night left a Johnston man dead and a Slater woman hospitalized. The Story County Sheriff's Office said it responded to a crash at Highway 30 and Sand Hill Trail at 11:30 p.m. Officials say the investigation into the collision indicates a Jeep Renegade driven by 41-year-old Ashley Taylor was traveling westbound in the eastbound lanes of Highway 30 when it struck a Chevy Impala head-on. Iowa teen killed in head-on crash in Jefferson County The driver of the Impala, 26-year-old Christian Royston, was pronounced dead at the scene. Taylor was transported to a Des Moines hospital by air ambulance. The SCSO said she suffered serious injuries in the crash. The crash investigation is ongoing. Trump's Qatar jet deal not finalized even as Pentagon has taken possession Smoke it or eat it, cannabis is bad for your heart, new research shows Group urges appeals court to allow refugees into US New Mexico couple takes wedding photos in front of tornado White House blasts rulings on tariffs: 'The courts should have no role here' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Global News
13-05-2025
- Business
- Global News
Hudson's Bay creditor protection extended until July 31
An Ontario court has extended Hudson's Bay's reprieve from the hundreds of businesses it owes money until the end of July. Judge Peter Osborne granted Canada's oldest company permission to stretch the period of time it is protected from its creditors to July 31 rather than ending May 15. Hudson's Bay lawyer Ashley Taylor argued the extension is necessary to the ongoing process of finding buyers for the business and its assets, as well as takers for its leases. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy He also used the court appearance to ask for permission to repay as much as $165 million to Hudson's Bay's senior lenders because the department store chain's liquidation sales have generated money beyond its operating needs. 1:50 Who are the players in the bidding war for Hudson's Bay assets? Because Osborne approved Taylor's request, the first of that money, about $46 million, will make its way to Restore Capital LLC around May 23 and $24.6 million will be sent to Bank of America. Story continues below advertisement Hudson's Bay filed for creditor protection in March, citing difficulty paying its mounting bills and has been liquidating all of its stores.
Yahoo
10-04-2025
- Entertainment
- Yahoo
Tyler Public Library announces rise in young generations using community resources
TYLER, Texas (KETK) — The Tyler Public Library announced in late March that there was a significant increase in the number of users for 2024, showing a shift in younger generations engaging with community resources. Tyler public library to install Little Public Library throughout community According to the library, check out data showed there was an 18% increase in total circulation and library cardholders increased by 14% while millennial and Generation Z are the leading users of library resources. KETK news visited with the city librarian at the Tyler Public Library, Ashley Taylor, who works tirelessly to make the library a resourceful place for all East Texans. 'We have seen a lot of our influx from word of mouth where families and individuals are sharing what the library is doing and bringing people into the doors,' Taylor said Photos courtesy of Tyler Public Library Taylor explained that people are searching for free or close to free resources and programming events that they can enjoy with family and friends. 'I think when it comes to our younger generations, as they're entering into adulthood the library offers them a lot of resources, services and programming free of charge,' Taylor said. Check out which East Texas libraries won statewide excellence award The library has a wide range of services for the Tyler community including test proctoring, resume building and notary requests. Here are some of the services the library provides: Ask a librarian 3D printing Auditorium use Outreach-bookmobile Computer lab Copy, fax and scan Court-mandated community service Lobby booth request Notary request Research request Resume review Test proctoring 'We allocate our budget to purchase items and resources that people are using,' Taylor said. 'I think that as we increase those services that are useful and popular, we will continue to attract our community members.' Photos courtesy of Tyler Public Library The library has events each month to attract all generations from music classes, dungeons and dragons club and crafts. Some of the upcoming events and activities in April include: Music Makers: Mondays at 10:15 a.m. and 11 a.m. in the first floor auditorium. This is babies and preschoolers to sing, make music, dance and have fun. Earth Day story time: April 11 at 10:30 a.m. in the first floor auditorium. This is a special story time in honor of Earth Day. Master gardeners: Third Friday every month at 12 p.m. in the first floor auditorium. This lecture series focuses on gardening and horticulture. The guest speaker Dawn Stover will discuss 'gardening for worms.' 'To build upon our success, we plan to continue to look at community feedback that is showing up in our surveys and further define spaces and material collections to make it easy for individuals and families to find the materials they are looking for,' Taylor said. The Tyler Public Libraries' vision is to ensure all citizens have access to current materials necessary for 'lifelong enrichment and education, universal literacy and informed decision-making.' Tyler's half cent project prompts community to give input on public improvement The library is located at 201 S. College Avenue in downtown Tyler with parking available in front of the building and the free fair parking garage located across College Street. East Texans can find more information about the library and their materials on their website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBC
24-03-2025
- Business
- CBC
Liquidation of Hudson's Bay begins at all but 6 stores
Social Sharing Liquidation sales are kicking off Monday morning at all but six of Hudson's Bay's locations as the company continues to search for a way to restructure. The six stores currently omitted from the liquidation include the flagship store on Yonge Street in Toronto, as well as two others in the Greater Toronto Area and three in Quebec, including one in downtown Montreal. Canada's oldest company operates 80 stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada through a licensing agreement. The company said liquidation sales will wrap up by June 15, and that it will vacate those locations by June 30. All loyalty programs and points have been suspended, but gift cards can still be used at stores until April 6. Online sales through will continue up to and including April 15. The liquidation comes after the company filed for creditor protection earlier this month, admitting that they were struggling with financial difficulties due to a number of factors, including a drop in downtown store traffic post-pandemic, and that they had already deferred some payments to landlords. An Ontario judge gave the company permission on Friday to begin liquidation at most of its stores. Hudson's Bay lawyer Ashley Taylor said the company was permitted to save six stores for the time being because recent sales have exceeded company expectations, paving the way for the continued operation of those stores as they pay back interim financing from a lender. WATCH: Memorabilia high on shopping lists as Canadians react to Hudson's Bay liquidation: Hudson's Bay to liquidate all but 6 stores as shoppers race for memorabilia 2 days ago Duration 2:45 Shoppers are scrambling to collect Hudson's Bay memorabilia after the company won approval to start liquidation sales at all but six stores next week. The flagship store in downtown Toronto is among the survivors. Shoppers have already been flocking to stores to snag products emblazoned with the company's iconic stripes. The court order allows the company to remove more stores from its liquidation if it secures funding, but it also allows for the six stores currently spared to be added to the liquidation if a restructuring plan — which hasn't been established yet — isn't solidified quickly.
