US EditionHudson’s Bay Gets Permission to Sell Leases, Extend Creditor Protection
CANADA, JUL 31 – Ruby Liu plans to invest $375 million to reopen 25 former Hudson's Bay stores across Canada, creating 1,800 jobs and generating $420 million in annual sales by 2027.
- On July 31, 2025, a judge from the Ontario Superior Court authorized Hudson's Bay to proceed with the sale of six leases and extended the company's creditor protection in Toronto until October 31.
- In March, Hudson's Bay sought court protection from its creditors due to $1.1 billion in debt, and following the closure of all its stores earlier that year, the company initiated lease sales as part of its restructuring efforts.
- The agreement involves Hudson’s Bay seeking court approval to sell leases for 25 stores to British Columbia billionaire Weihong Liu for $69.1 million, with plans to open department stores bearing her name, while abandoning earlier proposals that included dining and entertainment options.
- Lawyers noted landlord opposition and concerns over Liu's business experience, while rent payments of $4.7 million monthly and 1,800 expected jobs support the deal's benefits.
- The lease sales help Hudson's Bay reduce debt, enable auction preparation, and maintain properties' use, though disputes remain over some agreements and court hearings are scheduled.
19 Articles
19 Articles
Hudson Bay has received court approval for two transactions that will allow it to sell six of its leases.
burlingtontoday.com
Hudson's Bay gets permission to sell leases, extend creditor protection
TORONTO — Hudson’s Bay is set to shave off a sliver of its debt after getting court approval for two lease deals, but is still gearing up for a fight on a third lease agreement later this month.
Sask Today
Hudson's Bay gets permission to sell leases to owner of Bluenotes and landlord
TORONTO — Hudson’s Bay has received court approval for two deals that will see it sell six of its leases. Ontario Superior Court judge Peter Osborne gave the collapsed retailer permission to sell five leases to YM Inc. for $5.03 million. YM Inc.
Hudson’s Bay Headed Back to Court to Get Permission to Sell Six Leases
Hudson’s Bay is headed back to court with hopes of getting approval to sell more of its leases and to extend its reprieve from creditors. The collapsed retailer is expected to use the appearance Thursday morning to ask the Ontario Superior Court to allow it to sell five leases to clothing company YM Inc. and one to Ivanhoe Realties Inc. YM Inc. owns a slew of mall brands including Bluenotes, Urban Planet, Suzy Shier and West 49. It wants to pay …
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