Hudson’s Bay Sale Now Using Protocol Designed to Handle Insider Bid: Document

Hudson’s Bay Sale Now Using Protocol Designed to Handle Insider Bid: Document
A sign is seen outside the flagship downtown Hudson's Bay store in Vancouver, on March 24, 2025. The Canadian Press/Darryl Dyck
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A new document circulated to lawyers involved in Hudson’s Bay’s creditor protection case is raising suspicion that a company insider may be exploring a bid for the retailer’s assets or leases.

The “Insider Protocol” document sent to lawyers Thursday and obtained by The Canadian Press describes how processes meant to help the ailing retailer find investors or buyers will now include new provisions to ensure “integrity and fairness.”