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Hudson’s Bay Rebrands as Court Approves Lease Sale to B.C. Retail Visionary
In a landmark decision, Ontario’s Superior Court has approved the sale of three former Hudson’s Bay leases to B.C. billionaire Ruby Liu, marking a pivotal moment in the transformation of Canada’s oldest department store chain.
Liu, who owns the malls where the properties are located—Tsawwassen Mills, Mayfair Shopping Centre, and Woodgrove Centre—will pay $6 million for the trio of leases. She plans to launch a new chain of department stores under her own name, offering a mix of fashion, beauty, dining, and family-friendly entertainment.
The court also greenlit a name change for Hudson’s Bay Company, a move prompted by Canadian Tire’s $30 million acquisition of the Bay’s intellectual property. The rebranding is intended to avoid confusion as the company winds down operations following its bankruptcy filing in March.
While Liu’s vision has sparked excitement, it’s also met resistance. Landlords representing 23 of the 25 additional leases Liu hopes to acquire have raised concerns over the lack of transparency in her business plan. Despite the opposition, Liu remains optimistic, stating she’s confident landlords will come around once her plans are fully revealed.
The sale and rebranding mark the end of an era for Hudson’s Bay and the beginning of a bold new chapter in Canadian retail.
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