A liquidation plan at Canada’s oldest company could begin at all of its locations as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline.

Lawyers for the beleaguered retailer said in an Ontario court Monday morning that if approved by the judge, the liquidation would span 80 stores as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it owns through a licensing agreement.

While still looking for financing to restructure, Hudson's Bay wants to begin liquidating assets at 96 stores across Canada.{ai:summary}<p>Hudson’s Bay, Canada’s oldest company, may begin a liquidation plan across 80 stores, including Saks Fifth Avenue and Saks Off 5th locations, as soon as Tuesday. The process could last up to 12 weeks, though the retailer is still seeking alternatives to avoid closure. #economy</p>

As Hudson's Bay seeks financing, store liquidation could begin Tuesday

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