Hudson’s Bay Properties in Focus as RioCan Calls Creditor Filing ‘Disappointing’

Hudson’s Bay Properties in Focus as RioCan Calls Creditor Filing ‘Disappointing’
People cycle past the Hudson's Bay department store in downtown Montreal on March 17, 2025. The Canadian Press/Christinne Muschi
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The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the exposure other companies have to its potential downfall.

RioCan Real Estate Investment Trust is especially exposed to Hudson’s Bay’s financial woes because the two companies co-own 12 store properties, including some of the most prominent downtown locations, through a joint venture.