US EditionHudson’s Bay reaches deal to sell up to 28 leases to B.C. mall owner
- Hudson's Bay announced on May 23, 2025, plans to sell up to 28 store leases to Ruby Liu, a B.C. Mall owner, in Alberta and British Columbia.
- The sale follows Hudson's Bay filing for creditor protection in March 2025 and ongoing liquidation of its stores amid multiple bids for 39 leases from twelve parties.
- Liu, chairwoman of retail investment company Central Walk that owns three B.C. Malls, aims to create a modern department store focused on bridging generations and immersive shopping.
- Earlier this month, Hudson's Bay agreed to sell the rights to the Bay name, its signature stripes, coat of arms, and several associated brands to Canadian Tire for $30 million, subject to court approval. This arrangement would bar Liu from operating any Bay-branded stores on leased sites unless she secures a licensing agreement with Canadian Tire.
- The lease sale and branding deal reflect Hudson's Bay's restructuring, while Liu remains relatively unknown nationally but promises to prioritize former employees and existing suppliers.
Insights by Ground AI
Does this summary seem wrong?
46 Articles
46 Articles
All
Left
14
Center
5
Right
4
castanet.net+28 Reposted by 28 other sources
Hudson's Bay reaches deal to sell up to 28 leases to B.C. mall owner
Hudson's Bay plans to sell up to 28 of its store leases to a B.C. mall owner who wants to launch "a new modern department store." Canada's oldest company said Friday it will seek court permission for Ruby Liu to take over a group of properties the department store and its sister Saks busin...
·Kelowna, Canada
Read Full Article
Coverage Details
Total News Sources46
Leaning Left14Leaning Right4Center5Last UpdatedBias Distribution61% Left
Bias Distribution
- 61% of the sources lean Left
61% Left
L 61%
C 22%
R 17%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
