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Hudson's Bay Attracts Multiple Bidders Amid Sale Process

  Hudson's Bay Company, one of Canada's oldest and most iconic retailers, is currently undergoing a significant transformation as it seeks new ownership. The company has attracted interest from multiple potential bidders, including prominent investors and business leaders. Among the notable contenders is Weihong Liu, a Chinese billionaire and chairwoman of Central Walk, a retail investment company. Liu has expressed her desire to revitalize the brand and preserve its legacy, emphasizing the importance of Hudson's Bay to Canadian history and culture. The sale process, overseen by Alvarez & Marsal under court supervision, involves the liquidation of most Hudson's Bay stores across Canada. Interested parties have until April 30 to submit binding bids for the company's assets, including leases, intellectual property, and other holdings. This pivotal moment marks a potential turning point for the 354-year-old retailer, as it navigates financial challenges and seeks a...
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WestJet Mechanics Strike: Over 150 Flights Cancelled Ahead of Long Weekend

In an unexpected turn of events, WestJet mechanics have gone on strike, leading to the cancellation of at least 150 flights starting this Saturday. The Aircraft Mechanics Fraternal Association (AMFA) initiated the strike due to the airline’s “unwillingness to negotiate with the union,” making the strike inevitable. This move followed a federal government order for binding arbitration after two weeks of turbulent discussions with the union.

Calgary-based WestJet expressed extreme outrage at the mechanics’ actions and vowed to hold AMFA accountable for the stress and costs incurred. Last year, WestJet narrowly averted a strike during the May long weekend, but this time, over 20,000 travelers will be impacted by the cancellations.

As the Canada Day long weekend approaches, passengers are left wondering about their travel plans, while the airline grapples with the unexpected labor disruption.

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