Hudson’s Bay Company owes Saskatoon, Regina shopping malls more than $410K

Midtown Plaza mall in downtown Saskatoon. Francois Biber/CTV Saskatoon

The two shopping malls home to Hudson’s Bay stores in Saskatoon and Regina are owed more than $410,000, according to a court filing made, as the company began seeking creditor protection last week.

A court document revealing a long list of creditors shows the Hudson Bay Company (HBC) owes Midtown Plaza in Saskatoon $110,792 and Cornwall Centre in Regina $306,155.

Other Saskatchewan creditors listed include Crown corporations SaskTel, SaskPower and SaskEnergy along with the City of Saskatoon.

SaskTel is owed $13,293 while SaskPower is listed as a creditor for $63,724 and SaskEnergy for $33,963.

The City of Saskatoon is owed $62,370. The document does not say what the balance is owed to the City of Saskatoon.

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It also lists the Ministry of Finance in Regina as a creditor, with a balance of $53,249 along with the Technical Safety Authority of Saskatchewan, which is owed $3,376.

A Saskatoon business called Inphynite Phreedom is also on the creditors list showing a balance of $43,233.

The company announced in May of last year that it would be closing its two-level department store at Cornwall Centre in Regina, with the doors expected to shut for good in April of this year.

On March 7, HBC began filing for creditor protection in an effort to restructure the company and try to keep some stores open.

However, late Friday, the company said that despite attempting to avert an entire shutdown, it planned on an “immediate” liquidation that would begin next week and finish in June.

-With Files from The Canadian Press