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Ontario Court Blocks Billionaire's Hudson's Bay Lease Bid

10/30/2025

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Summary

Story summary

An Ontario court denied Ruby Liu, a B.C. billionaire, the bid to acquire 25 Hudson’s Bay Company leases.
Justice Peter Osborne ruled the bid should be denied because Liu lacks retail experience and a solid plan.
Cadillac Fairview and Oxford Properties opposed the bid, fearing it could destabilize existing tenant relationships.
Liu gained approval for three leases, but her plan for a $400 million investment and 1,800 jobs remains uncertain.

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Story summary

An Ontario court denied Ruby Liu, a B.C. billionaire, the bid to acquire 25 Hudson’s Bay Company leases.
Justice Peter Osborne ruled the bid should be denied because Liu lacks retail experience and a solid plan.
Cadillac Fairview and Oxford Properties opposed the bid, fearing it could destabilize existing tenant relationships.
Liu gained approval for three leases, but her plan for a $400 million investment and 1,800 jobs remains uncertain.