Hudson’s Bay Wants to Sell Leases to Billionaire to Appease Lender: Landlords

Date:

Hudson’s Bay Wants to Sell Leases to Billionaire to Appease Lender: Landlords

A person checks out the store closing advertising at the Hudson’s Bay in Toronto, on May 30, 2025. The Canadian Press/Nathan Denette

A group of Hudson’s Bay landlords say a lender’s desire to recoup cash is the only reason the shuttered department store is pursuing a plan to sell its leases to a B.C. billionaire.

In new court documents filed late Monday, the landlords say the retailer is keen to make a sale of 25 leases to Ruby Liu happen because of Pathlight Capital LP.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Christian Pamphlet is Hate Speech, Finlands Supreme Court Rules

Paivi Rasanen, a longtime member of Finland’s parliament and...

Kremlin Says No Progress on Key Issues but Remains Open to Ukraine Talks

A Kremlin spokesperson denied the premise of a New...

UK Gives Military Green Light to Board Russian Shadow Fleet Tankers

A French navy boat monitors the alleged shadow fleet...

UN Adopts Slavery Resolution Calling for Reparations Despite US, European Objections

U.S. First Lady Melania Trump (R) and Kwesi Essel-Blankson,...