Hudson’s Bay Plans to Liquidate Its Entire Business by June ⇥ thestar.com

Estella Ren, the Toronto Star:

A Canadian retail icon is on its last legs as Hudson’s Bay Company plans to liquidate its entire business by June, with the process starting as early as next week.

This is a 350-year-old retailer that has been hollowed out in the span of less than twenty years by some private equity vultures. Yet another sad entry in a long list of businesses bought, stripped of all remaining value advantaging only some over-rich vampires, and leaving long-time employees and customers with nothing.