New Retail Concept “New Bay” Could Replace some Hudson’s Bay Stores - Home Furnishings News

New retail concept “New Bay” could replace some Hudson’s Bay stores - Home Furnishings News

Fast Facts Retal estate investor Weihong “Ruby” Liu has signed an agreement to take over 28 former Hudson’s Bay leases Lui plans to create a new retail concept called “New Bay” to focus on immersive, multi-gen shopping Former Bay suppliers and employees will be prioritized in partnerships and hiring The lease deal requires court and landlord approval to proceed   Toronto – Billionaire mall owner Weihong Liu hopes to take over 28 leases for form…

Landlord takes over 2 Hudson’s Bay stores in Ontario

As the Hudson’s Bay Company winds down, the fate of the soon-to-be vacant stores is being settled. The company filed for creditor protection on March 7 and later announced all stores would close. Liquidation sales started later in March and are expected to continue until the end of May. Primaris Real Estate Investment Trust announced it would assume full control of Bay stores in five of its malls. The real estate company said five of the nine HB…