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Ontario Court Blocks B.C. Billionaire's Store Lease Acquisition

10/25/2025

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Summary

Story summary

The Ontario Superior Court ruled on October 24, 2025 that Ruby Liu, a B.C. billionaire, could not acquire 25 former Hudson’s Bay store leases.
Judge Peter Osborne cited Liu's lack of retail experience and concerns about viability of her plan.
Major landlords opposed bid due to Liu's unpreparedness and unrealistic timelines.
Liu accused the landlords of discrimination.
The leases’ fate remains uncertain, whether they revert to landlords or are re-auctioned.

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Story summary

The Ontario Superior Court ruled on October 24, 2025 that Ruby Liu, a B.C. billionaire, could not acquire 25 former Hudson’s Bay store leases.
Judge Peter Osborne cited Liu's lack of retail experience and concerns about viability of her plan.
Major landlords opposed bid due to Liu's unpreparedness and unrealistic timelines.
Liu accused the landlords of discrimination.
The leases’ fate remains uncertain, whether they revert to landlords or are re-auctioned.