US EditionHudson's Bay to Seek Approval for Sale of Three Leases to B.C. Mall Owner Ruby Liu
- Hudson's Bay planned to seek court approval on June 24, 2025, in Toronto to sell three leases to Ruby Liu at malls she owns in British Columbia.
- The lease sale followed Hudson's Bay filing for creditor protection in March and closing all 80 Bay and 16 Saks stores by June 1, 2025.
- Ruby Liu secured a $6 million deal to acquire leases for locations within Tsawwassen Mills, Mayfair Shopping Centre, and Woodgrove Centre, intending to launch her own brand of updated department stores.
- Liu's lawyer David Ward called the lease deal a "full-circle investment" and noted Liu contributes millions to the creditor process amid landlord objections.
- Canadian Tire Corp. Ltd. acquired the trademarks and brand name of the Bay for $30 million, leading to a court-ordered company name change to prevent confusion as Hudson's Bay seeks approval to transfer additional mall leases to Liu.
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British Columbia's billionaire, Ruby Liu, wants to turn former Hudson Bay stores into his own sales empire.
·Montreal, Canada
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Hudson's Bay receives approval for sale of 3 leases to B.C. mall owner Ruby Liu
The B.C. billionaire looking to turn Hudson’s Bay’s old digs into her own retail empire left court Monday with the beginnings of her venture in hand — and a looming fight that could curtail her full ambitions.
·Canada
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Hudson’s Bay receives approval for sale of three leases to B.C. mall owner Ruby Liu
The B.C. billionaire looking to turn Hudson’s Bay’s old digs into her own retail empire left court Monday with the beginnings of her venture in hand -- and a looming fight that could curtail her full ambitions.
·Canada
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Total News Sources42
Leaning Left17Leaning Right3Center4Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 17%
13%
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