Hudson’s Bay Battle Over Lease Sale to BC Billionaire Could Set Precedent: Lawyer

Billionaire Ruby Liu tours 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

A potentially precedent-setting showdown between Hudson’s Bay and a group of landlords opposing the retailer’s push to sell about two dozen of its leases to a B.C. billionaire got underway in court Thursday.

The battle has been simmering ever since the Bay announced in May that it had selected Ruby Liu to buy 28 of its leases.