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Hudson’s Bay reaches deal to sell up to 28 leases to B.C. mall owner
- Hudson's Bay announced plans to sell up to 28 store leases to Ruby Liu, a B.C. Mall owner, as part of its liquidation process in 2025.
- The sale follows Hudson's Bay filing for creditor protection in March 2025 amid competitive bids for 39 leases from 12 parties, including Canadian Tire.
- Liu, the board chairwoman of retail investment firm Central Walk, plans to establish a contemporary department store that emphasizes immersive shopping experiences and aims to connect different generations.
- Hudson's Bay and Saks hold leases for 96 prominent retail locations, primarily in Alberta and British Columbia, while Ruby Liu is expected to acquire leases encompassing several hundred thousand square feet.
- The $30 million deal giving Canadian Tire ownership of the Bay name and branding requires court approval, restricting Liu from using the Bay brand without licensing, complicating her revival plans.
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The ‘New Bay?’ B.C. billionaire mall owner’s plan to take over Hudson’s Bay leases
Weihong Liu, chairwoman of shopping centre owner Central Walk, said in a video posted on RedNote that she plans to take over more than 20 Hudson’s Bay leases in British Columbia, Calgary and Toronto.
·Toronto, Canada
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Total News Sources29
Leaning Left11Leaning Right3Center3Last UpdatedBias Distribution65% Left
Bias Distribution
- 65% of the sources lean Left
65% Left
L 65%
C 18%
R 18%
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