US EditionB.C. billionaire loses court fight to take over Hudson’s Bay properties
Landlords including Cadillac Fairview and Oxford Properties rejected Ruby Liu's $69.1 million bid due to doubts about her retail experience and lease obligations, the court ruled.
- On Oct. 24, 2025, an Ontario court ruled against B.C. billionaire Ruby Liu, with Superior Court Judge Peter Osborne saying landlords do not have to accept her as a tenant.
- Major landlords including Cadillac Fairview, Oxford Properties and Ivanhoé Cambridge opposed Liu buying 25 former Hudson's Bay leases for $69.1 million.
- Landlords argued Ruby Liu was an inexperienced retail entrepreneur and said her plan to open at least 20 spaces within 180 days was unrealistic.
- The ruling prevents Ruby Liu from taking over 25 former Hudson's Bay leases, halting her retail expansion against opposition from landlords Cadillac Fairview, Oxford Properties, and Ivanhoé Cambridge.
- This report by The Canadian Press was first published Oct. 24, 2025 and noted an update minutes later.
17 Articles
17 Articles
An Ontario judge refused to force owners to accept the billionaire as a commercial tenant.
Court Favors Pensions in Fight Over Defunct Hudson’s Bay Stores
Property mogul Ruby Liu’s bid to take over the leases of 25 former Hudson’s Bay Co. locations has been rejected by a Canadian bankruptcy court, persuaded by the near unanimous objections of the defunct department store’s former landlords.
B.C. billionaire Ruby Liu loses court fight to take over Hudson's Bay properties (Business)
An Ontario court has ruled against a B.C. billionaire who spent the summer fighting to move into former Hudson's Bay properties. Superior Court Judge Peter Osborne says landlords for the properties do not have to accept Ruby Liu as a tenant. Osborne say he largely agrees with landlords who doubted L...
CP B.C. billionaire loses court fight to take over Hudson's Bay properties
An Ontario court has ruled against a B.C. billionaire who spent the summer fighting to move into former Hudson’s Bay properties. Superior Court Judge Peter Osborne says landlords for the properties do not have to accept Ruby Liu as a tenant.
B.C. billionaire loses court fight to take over Hudson’s Bay properties
A B.C. billionaire who spent the summer fighting to move a department store she wants to create into former Hudson’s Bay properties has found herself on the losing end of an Ontario Superior Court decision.
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