Billionaire Ruby Liu Loses Court Battle to Take Over Hudson’s Bay Properties

Ruby Liu is shown leaving court in Toronto on June 23, 2025. The Canadian Press/Nathan Denette

B.C.-based billionaire Ruby Liu has lost a fight in an Ontario court over acquiring former Hudson’s Bay properties to open a new department store chain.

Ontario Superior Court judge Peter Osborne ruled on Oct. 24 that landlords of former Hudson’s Bay Company (HBC) properties will not be required to accept Liu as a tenant.