Skip to main content

Featured

Lebanon Seeks to Distance State from Hezbollah After Cyprus Drone Incident

                                                         File photo: Youssef Ragg Lebanon has urged Cypriot authorities and the public not to conflate the Lebanese state with Hezbollah following a drone strike that originated from Lebanese territory and hit Cyprus six days earlier. Lebanese Foreign Minister Youssef Raggi emphasized that the attack was carried out independently by Hezbollah and does not reflect the policies, values, or intentions of the Lebanese government.  Raggi stressed that Lebanon rejects any attempt to use its territory for external agendas and reiterated that Hezbollah’s actions fall outside the state’s legal authority. He called on Cyprus to distinguish between the official Lebanese government and groups operating autonomously, noting that Lebanon has consistently affirmed its sovereignty ...
Post a Comment
Read more

article

Labels

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.

Labels:

Comments

Post a Comment