B.C. billionaire holds job fair in Toronto as part of bid for Hudson's Bay leases
A British Columbia billionaire, Ruby Liu, organized a job fair in Toronto to recruit workers for the former Hudson's Bay properties she aims to acquire. Liu has signed deals to purchase up to 28 leases across Canada but has faced challenges in transferring them. Despite uncertainties, she remains optimistic about the outcome.
A British Columbia billionaire, Ruby Liu, held a job fair in Toronto to attract workers for former Hudson's Bay leases she plans to acquire. Liu signed deals to buy up to 28 leases across Canada but has only transferred three so far. The job fair drew hopeful former employees and vendors, uncertain about the future of the stores.
While three spaces in B.C. have been transferred, other landlords are opposing Liu's move, citing a lack of detailed business plans. A court hearing was adjourned, urging Liu to hire a lawyer. Liu plans to transform the spaces into Asian-style department stores.
Despite pushback from creditors and experts questioning her experience, Liu remains confident in her vision. She aims to revitalize retail businesses and open a department store named after herself. The case is expected to return to court, with Liu aiming to take possession of the remaining properties by August.
According to the source: CBC.
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