Court Monitor Says It Doesn’t Support Hudson’s Bay Plan to Sell Leases to Ruby Liu

Billionaire Ruby Liu listens during an interview at a former Hudson's Bay-owned Saks Off 5th department store after a "handover ceremony" where she received the keys to the space at Tsawwassen Mills shopping mall that she owns, in Tsawwassen, B.C., on June 26, 2025. The Canadian Press/Darryl Dyck

The court-appointed monitor overseeing Hudson’s Bay’s creditor protection case says it’s against landlords being forced to accept a B.C. billionaire’s plan to buying more than two dozen of the retailer’s leases.

In a new court filing made overnight, Alvarez & Marsal says it does not agree that landlords should be forced to accept Ruby Liu as a tenant even while it says it supports the sales process that ended with her chosen to buy 28 of the Bay’s leases.