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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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Tragedy Strikes Gabriel House: Deadly Fire Claims Lives at Massachusetts Assisted Living Facility

A devastating fire tore through the Gabriel House Assisted Living Facility in Fall River, Massachusetts, late Sunday night, leaving nine people dead and dozens injured, including five firefighters.

The blaze erupted around 9:50 p.m., engulfing the front of the building in heavy smoke and flames. Residents—many elderly and non-ambulatory—were seen hanging out of windows, screaming for help as emergency crews rushed to the scene. About 70 people lived in the facility at the time.

Firefighters, including 30 off-duty personnel, battled the inferno and managed to rescue numerous occupants. Many were transported to local hospitals with varying injuries, while one person remains in critical condition. The heroic efforts of police officers also played a crucial role, with some breaking down doors and physically carrying residents to safety.

“This is an unfathomable tragedy for the families involved and the Fall River community,” said Fire Chief Jeffrey Bacon.

The cause of the fire is under investigation by state and local authorities. A family reunification center has been established at St. Anne’s Hospital to assist loved ones in locating survivors.

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