Back to today’s briefing

Story perspectives

Hudson's Bay Seeks Court Approval for $375M Deal

7/31/2025

44 6

Summary

Story summary

Hudson's Bay is pushing for court approval to transfer 25 leases to B.C. billionaire Ruby Liu, who envisions a $375 million investment in a new department store chain. This venture promises to create 1,800 jobs and generate over $420 million in annual sales, all while aiding Hudson's Bay in tackling its $1.1 billion debt.

1 of 1

Story summary

Hudson's Bay is pushing for court approval to transfer 25 leases to B.C. billionaire Ruby Liu, who envisions a $375 million investment in a new department store chain. This venture promises to create 1,800 jobs and generate over $420 million in annual sales, all while aiding Hudson's Bay in tackling its $1.1 billion debt.