-20.6 C
Ottawa
Monday, February 9, 2026

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

South Korean Crypto Firm Accidentally Sends $44 Billion in Bitcoins to Users

The logo of Bithumb at its cryptocurrencies exchange in...

Venezuela Frees Prominent Opposition Members as Prisoner Releases Continue

Venezuelan lawmaker and politician Juan Pablo Guanipa speaks during...

Herzog Warns Anti-Semitism a Global Threat During Visit to Site of Bondi Terror Attack

Herzog welcomed post-Bondi legislation, but warned against symbolism.Israeli President...

Portugal Elects Socialist as President by Landslide, but Far Right Grows

Moderate Socialist and Portuguese presidential candidate Antonio Jose Seguro...