logo
#

Latest news with #storeleases

Hudson's Bay reaches deal to sell up to 28 leases to B.C. mall owner
Hudson's Bay reaches deal to sell up to 28 leases to B.C. mall owner

National Post

time24-05-2025

  • Business
  • National Post

Hudson's Bay reaches deal to sell up to 28 leases to B.C. mall owner

Hudson's Bay says it plans to sell up to 28 of its store leases to a B.C. mall owner who wants to launch 'a new modern department store.' Article content Article content Canada's oldest company says it will seek court permission for Ruby Liu to take over some properties the department store and its sister Saks businesses leased in Alberta, B.C. and Ontario. Article content The company did not say what amount Liu has offered for the properties nor which locations/addresses she wants. Article content Article content The 28 leases make up a significant portion of the 96 sites Hudson's Bay and Saks hold in some of the country's most desirable and high-traffic shopping districts. Article content Article content

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store