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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: March 5, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

A Mercury-Pluto link on your birthday means there is a specific path you must follow over the coming year. The nature of that path will be made clear to you over the next few days, so keep your eyes and ears open and be ready to move fast.

ARIES (March 21 - April 20):

It may seem to others that you are not making much of an effort at the moment but while that may be true on the physical level your brain is working non-stop. An idea you come up with today could make your fortune later in the year.

TAURUS (April 21 - May 21):

The demands you have been making of other people may seem tough but you are asking no more of them than you are prepared to do yourself. You always set a very high standard and anyone who can’t keep up will get left behind.

GEMINI (May 22 - June 21):

You don’t have to sit back and wait for life to come to you, not when there are so many possibilities open to you personally to make good things happen. Get your act together and turn a long-term dream into an immediate reality.

CANCER (June 22 - July 23):

According to the planets you are doing way too much and you need to ease back on your commitments between now and the end of the week. The more balls you are trying to juggle the more likely it is you will end up dropping them all.

LEO (July 24 - Aug. 23):

The most important thing now is that you maintain a positive outlook, even when life seems to be conspiring against you. It will take brain power as well as muscle power to get from where you are now to where you most want to be.

VIRGO (Aug. 24 - Sept. 23):

Just because someone isn’t being nice to you does not mean you should not be nice to them. The message of the stars today is that if you maintain a generous outlook then slowly but surely other people will start being more generous too.

LIBRA (Sept. 24 - Oct. 23):

If a friend or family member asks you to do something you think is stupid, or maybe even immoral, you must have the strength to say “No”. You may want to help them but there is a line that you know it would be foolish to cross.

SCORPIO (Oct. 24 - Nov. 22):

Make the most of the sun in the most dynamic area of your chart to push ahead with a creative plan that for one reason or another has been on hold for a while. Devote all your energy to it and don’t stop until it is finally done.

SAGITTARIUS (Nov. 23 - Dec. 21):

It’s not like you to be cautious but recently you have been reluctant to take the kind of risks that used to come easy. What happens today will demonstrate that your caution was not misplaced. You will be one of the few who doesn’t lose out.

CAPRICORN (Dec. 22 - Jan. 20):

Stop trying to conform to the image that other people have of you and just be yourself. Sometimes you can be too sensitive to feedback from your environment and that inevitably limits your progress. Look in the mirror and like what you see.

AQUARIUS (Jan. 21 - Feb. 19):

Good fortune should be coming at you from all directions now and if it isn’t then it won’t be long before a better phase begins. Keep telling yourself that you were born to win and keep believing that it is going to happen – and it will.

PISCES (Feb. 20 - Mar. 20):

This is a very special time for you both at home and at work and today it will seem as if some kind of magic is hurrying you along. Later in the year you will look back and marvel at the many wonderful things you managed to accomplish.

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