3.4 C
Ottawa
Wednesday, November 5, 2025

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.

Share post:

Subscribe

Popular

More like this
Related

Belgian Airports Closed Due to Drone Sightings

The departure board with canceled and delayed flights in...

Iraq Now Capable of Conducting Independent Airstrikes: US Centcom

The Pentagon said earlier that the United States and...

Hamas Releases Remains of Last US Citizen Among Hostages

Hostage Itay Chen (L) with brothers Roy and Alon...

US Drafts UN Resolution to End Sanctions on Syrian Leader

Syria’s then-interim President Ahmed al-Sharaa looks on as he...