This is a Sydney news story, published by financialpost, that relates primarily to Hudson’s Bay news.
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Hudsonfinancialpost
•Business
Business & Economics
71% Informative
RioCan Real Estate Investment Trust and Hudson’s Bay are part of a joint venture that runs several HBC stores in prime locations.
RioCan on Tuesday said it was “essential that any restructuring steps are on fair and balanced terms” Hudson's Bay has asked an Ontario court to temporarily exempt it from making payments linked to the joint venture as it looks to regain financial stability.
The company is still trying to get a court order that will allow it to start liquidating its outlets.
Lawyers representing some Hudson's Bay workers say they are concerned about the future of their jobs.
The company is also concerned that without creditor protection, certain landlords could “exercise self-help remedies, such as locking the company out from its retail stores.
As an example, it said a landlord locked Hudson’s Bay out of a store in Sydney , N.S. , on March 7 , while a team of bailiffs attempted to seize merchandise from a Toronto mall.
VR Score
74
Informative language
71
Neutral language
70
Article tone
informal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
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