US EditionMore Lease Deals Reached for Hudson's Bay Locations
ONTARIO, CANADA, JUL 25 – Hudson's Bay is selling leases to multiple buyers including Ruby Liu and YM Inc. to raise funds after closing 96 stores, with legal disputes ongoing over some deals.
- Hudson's Bay reached deals to sell six store leases while legal disputes continue over a larger sale to B.C. billionaire Ruby Liu as of mid-2025.
- Hudson's Bay filed for creditor protection earlier this year and put its leases up for sale amid closing 80 stores and 16 Saks banners stores.
- Ruby Liu bought three leases for $6 million last month at malls she owns, and she wants to buy 25 more leases to open a self-named department store.
- Clothing retailer YM Inc. agreed to acquire five store leases totaling $5.03 million but was unable to obtain landlord approvals for an additional three sites, highlighting ongoing difficulties.
- Hudson's Bay seeks creditor protection extension to October 31 to finalize lease sales and court approval for Liu's deal remains pending amid landlord opposition.
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11 Articles
Legal negotiations continue to conclude the sale of a maximum of 25 leases to the billionaire Ruby Liu.
More Lease Deals Reached for Hudson’s Bay Locations
Hudson’s Bay has reached deals to sell the leases of six store locations as legal wrangling continues on work to close a deal to sell up to 25 leases to B.C. billionaire Ruby Liu. Legal filings show clothing retailer YM Inc., which owns brands such as Urban Planet, Bluenotes, West49 and Suzy Shier, has struck a deal to buy five leases for $5.03 million. The documents show it was unable to secure landlord approvals for three other locations. The …
The Record
BNN BloombergMore lease deals reached for Hudson’s Bay locations
TORONTO - Hudson's Bay has reached deals to sell the leases of six store locations as legal wrangling continues on work to close a deal to sell up to 25 leases to B.C. billionaire Ruby Liu.
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