The plan that could have saved Hudson’s Bay as we know it

The plan that could have saved Hudson’s Bay as we know it

A group led by seasoned executive Bonnie Brooks proposed keeping stores open across Canada, but fell short on submitting a formal bid

Broken escalators and a declining market: Experts predict big challenges for Chinese billionaire in executing her ambitious plan for 28 Hudson’s Bay leases

Retail experts say Weihong Liu's decision to buy 28 store leases to transform them into modern department stores is "a high-risk play."

RioCan Demands Payment From Hudson’s Bay, Files for Receivership of Joint Venture

After disclosing earlier this month that it is taking a loss of $209 million on its investment, Toronto-based RioCan REIT (TSX: REI.UN) has now filed an application to place its joint venture with the Hudson's Bay Company (HBC) under receivership.As previously outlined by STOREYS, the partnership between one of Canada's largest REITs and Canada's most iconic retailer was formed in 2015 with each partner contributing some of their real estate ass…