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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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Scarborough Pub Shooting Leaves 12 Injured, Suspects Remain at Large

A tragic shooting unfolded late Friday night at a pub near Scarborough Town Centre in Toronto, leaving 12 people injured. The incident occurred around 10:40 p.m. at the Piper Arms Pub, located on Progress Avenue. Toronto police reported that six of the victims sustained gunshot wounds, though none of the injuries are life-threatening. The victims range in age from their 20s to mid-50s.

Authorities have identified three male suspects who entered the pub and opened fire. The suspects were last seen fleeing the scene in a silver car, with one reportedly wearing a black balaclava. A command post has been established near the pub as police continue their investigation. Progress Avenue remains closed between Ellesmere Road and Highway 401.

Toronto Mayor Olivia Chow expressed her concern, stating that all necessary resources have been deployed to apprehend the suspects. She extended her thoughts to the victims and their families.

This incident has left the community shaken, as the pub was celebrating its grand opening on the night of the shooting. Police urge anyone with information to come forward.


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