Dec. 8, 2025 "Hudson’s Bay returns $9.4 million deposit to billionaire Ruby Liu: court docs": Today I found this article by Tara Deschamps on BNN Bloomberg:
New court documents show Hudson’s Bay has returned a $9.4 million deposit to a B.C. billionaire paid as part of her attempt to buy 25 of the retailer’s leases.
An affidavit from Franco Perugini, HBC’s senior vice-president of real estate and legal, says the deposit was returned as part of a deal Ruby Liu signed terminating her $69.1 million offer for several of the company’s leases.
Perugini says the money has since been transferred.
HBC lost its bid to sell Liu 25 of its leases in October,
when a judge sided with landlords who had argued she was unfit and ill prepared to run a new department store she wanted to create in their properties.
Perugini says landlords have since notified the company that they will seek costs stemming from the failed deal.
While Liu wasn’t able to buy the 25 leases in Alberta, B.C. and Ontario, she purchased three other leases for $6 million. That deal easily got court approval because Liu owns the B.C malls the properties are located in.
This report by The Canadian Press was first published Dec. 8, 2025.
Tara Deschamps, The Canadian Press
Mar. 9, 2026 "Hudson's Bay coat collection up for sale in latest auction": Today I found this article by Tara Deschamps on BNN Bloomberg:
TORONTO — Hudson’s Bay is sending its coat collection to the auction block.
The latest sale of the company’s treasures features 56 coats, including many with HBC’s iconic stripes motif.
Some of the coats are a nod to the 355-year-old company’s fur trading history and are made of beaver, silver fox or mink fur. Others were made in partnership with Canadian designers Smythe and HiSO.
Also part of the auction are
dozens of art pieces,
a reproduction of the 1670 royal charter that formed the company,
vintage cash registers
and an HBC piano.
Heffel Fine Art Auction House will start accepting online bids for the items Tuesday.
The sale will run until March 19.
This is the fifth group of HBC items Heffel has auctioned since the department store closed all its stores last June.
This report by The Canadian Press was first published March 9, 2026.
Tara Deschamps, The Canadian Press
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