Skip to main content

Featured

Zelensky Faces Stark Choices as Trump Pushes Peace Framework

Trump's son-in-law Jared Kushner, U.S. Special Envoy Steve Witkoff, U.S. Secretary of State Marco Rubio, U.S. Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak (not pictured). As pressure mounts in the ongoing war between Ukraine and Russia, U.S. President Donald Trump has intensified efforts to secure a peace deal , urging Kyiv to accept a revised framework before the American Thanksgiving holiday. The proposal, reportedly a 28-point plan , has drawn sharp criticism for heavily favoring Moscow’s interests, including demands that Ukraine cede territory, limit its military, and abandon aspirations to join NATO. In recent days, Trump warned that Ukraine risks losing access to U.S. intelligence and weapons if it fails to agree to the plan by November 27. His administration has framed the deadline as a necessary step to end the nearly four-year war, but many in Kyiv view it as coercive. Ukrainian President V...
Post a Comment
Read more

article

Labels

End of an Era: Hudson's Bay Announces Immediate Liquidation


Hudson's Bay, Canada's oldest company, has announced plans for an immediate liquidation of its entire business. The decision comes after exhaustive efforts to secure financing and avoid a full shutdown proved unsuccessful. The liquidation process is set to begin next week and is expected to conclude by June.

The iconic department store chain, which dates back to 1670, has faced mounting financial challenges, including nearly $1 billion in debt. The closure will impact over 9,000 employees across Hudson's Bay stores, as well as its Saks Fifth Avenue and Saks Off 5th locations.

Despite the bleak outlook, Hudson's Bay remains hopeful that a last-minute solution with key stakeholders, particularly landlords, could prevent the complete shutdown. CEO Liz Rodbell expressed gratitude for the support from customers and associates, emphasizing the company's determination to explore every possible opportunity to save the brand.

This marks a significant moment in Canadian retail history, as the loss of Hudson's Bay would leave a notable gap in the market and in the hearts of many Canadians.


Labels:

Comments

Post a Comment