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Hudson’s Bay Battles Lender Over Ruby Liu Lease Deal in Ontario Court

Hudson’s Bay Co. is pushing back against a motion filed by its senior lender, Restore Capital LLC, which seeks to terminate a controversial lease sale to billionaire Ruby Liu. The retailer has asked the Ontario Superior Court to dismiss the motion, arguing that the deal represents its best chance to recover funds for creditors amid its ongoing liquidation. The dispute centers on Hudson’s Bay’s plan to sell up to 28 store leases—25 of which remain pending court and landlord approval—to Liu’s company, Central Walk. While three leases have already been approved for $6 million, Restore claims the remaining transaction is draining resources, citing over $18 million in rent and professional fees with no clear path to completion. Hudson’s Bay CFO Michael Culhane defended the deal, stating that Restore was fully aware of the risks and had previously supported the transaction. He emphasized that Liu has already made a $9.4 million deposit and that the sale could generate significant recoveries ...
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Your daily horoscope: February 19, 2025

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

The only thing you should be worrying about over the coming year is not worrying about anything at all. If you are looking to reach targets that were previously out of reach – and you should be – then a positive outlook is an absolute must.

ARIES (March 21 - April 20):

You may not get much done in the way of serious work today but with the sun moving through the most sensitive area of your chart it is what you think and feel that matters most, so give yourself time and space to ponder the future.

TAURUS (April 21 - May 21):

If you rely on other people to come to your rescue today you may be disappointed, so whatever kind of hole you are in start thinking of ways to get out of it under your own steam. That way you won’t owe anyone a favour.

GEMINI (May 22 - June 21):

Something will happen today that makes you realize how much more is possible if you have the courage to trust your instincts. On the work front, especially, you need to listen to what your inner voice tells you and ignore the doubters and cynics.

CANCER (June 22 - July 23):

If you feel the need to get away from your current environment, maybe even to take a vacation, then go for it and don’t look back. Will it cost more than you can afford? Maybe, but in the long-term it will be worth it.

LEO (July 24 - Aug. 23):

The more you try to find out what a friend or colleague is up to the more likely it is they will seek to turn the tables by prying into your own affairs. If you have nothing to hide then, of course, you have nothing to fear.

VIRGO (Aug. 24 - Sept. 23):

You need to accept that you cannot be No. 1 all of the time. Cosmic activity in your opposite sign at this time of year means you must put your ego on hold and allow someone else to bask in the limelight for a while.

LIBRA (Sept. 24 - Oct. 23):

The more someone you work or do business with says nice things about you today the more suspicious you will get, but the planets indicate you have nothing to worry about. On this occasion they really do admire what you are doing.

SCORPIO (Oct. 24 - Nov. 22):

By all means follow your heart but make sure you don’t break someone else’s heart along the way. Sometimes you can be so ruthless in your appraisals of what other people are up to that you risk destroying their confidence for no good reason.

SAGITTARIUS (Nov. 23 - Dec. 21):

Cosmic activity in the domestic area of your chart means you need to pay close attention to family matters that may not have bothered you that much before. This is the ideal time to sit down with loved ones and talk through your worries.

CAPRICORN (Dec. 22 - Jan. 20):

There is no point staying where you are while friends and family members are running around here, there and everywhere. Get into the swing of things and resolve to have a good time between now and the weekend. You’re allowed to enjoy yourself!

AQUARIUS (Jan. 21 - Feb. 19):

If you need to close some kind of deal then do so today while the planets are moving in your favour. Tomorrow, the outlook may not be quite so rosy, so get your act together and get those I’s dotted and those T’s crossed right now.

PISCES (Feb. 20 - Mar. 20):

You may feel that all things are possible now and that taking risks is allowed but don’t go mad on the credit cards because your financial resources are not limitless. For every dollar you spend you can still get ten dollars’ worth of value for free.

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