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Hudson’s Bay landlords to get back properties B.C. billionaire wanted: retailer
Hudson's Bay Company will terminate leases for 25 properties after a judge blocked their $69.1 million sale to Ruby Liu, citing landlord concerns about her fitness.
- Hudson's Bay Company is disclaiming the leases for the 25 properties Ruby Liu sought, and Franco Perugini says the leases will be terminated Nov. 27 if landlords do not object.
- Last month a judge blocked the sale after landlords argued Ruby Liu was unfit to move in and run a new department store; Liu had tried to buy 25 leases for $69.1 million.
- A disclaimer legally ends a lease and releases tenants from obligations, and Hudson's Bay Company vacated 80 stores and 16 Saks-banner locations over the summer after filing for creditor protection.
- Former Hudson's Bay locations are being returned to landlords after a judge blocked Ruby Liu's purchase of 25 leases last month, preventing her from operating the stores.
- In communications to the media, HBC's legal and real estate chief said Franco Perugini emailed The Canadian Press about disclaiming leases for 25 properties, in a report first published Nov. 3, 2025, with Liu pictured at Tsawwassen Mills on June 26, 2025.
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16 Articles
16 Articles
Hudson Bay restores its former stores to their owners, putting an end to the Ruby Liu struggle to take leases from the bankrupt retailer.
·Montreal, Canada
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Former Hudson Bay stores, coveted by a billionaire from British Columbia, are returned to the owners.
·Montreal, Canada
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Coverage Details
Total News Sources16
Leaning Left6Leaning Right0Center6Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
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