Why a B.C. billionaire’s bid for Hudson’s Bay stores failed
In May, a B.C. billionaire named Weihong (Ruby) Liu made a $69.1-million deal to acquire 28 leases of former Hudson’s Bay stores. Her company, Central Walk, owned malls where three of those stores were located, so those leases went unopposed; however, landlords of the other 25 stores were skeptical of her ability to operate her proposed stores. She had cash, real estate experience, and a vision — but no experience running a major retailer.
Susan Krashinsky Robertson is the Globe’s retailing reporter. She’s been covering the fallout from the demise of Canada’s oldest retailer. Today, she’s on…
The skinny
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