Ruby Liu Buys Hudson's Bay Leases

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Hudson

vancouversun

•

Business

Business & Economics

Hudson’s Bay receives approval for sale of three leases to B.C. mall owner Ruby Liu

Summary

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71% Informative

Ruby Liu granted permission to take over leases for three Hudson’s Bay properties in malls she owns.

She will pay $6 million for the set of leases at Tsawwassen Mills , Mayfair Shopping Centre and Woodgrove Centre .

Liu wants to use the properties to open a chain of modernized department stores she will name after herself.

The Bay has reached a deal with her for 25 more leases belonging to it and its sister Saks companies.

On Friday , Osborne approved a request to remove any references to Hudson’s Bay and HBC from the name of the department store company. The name change is standard to avoid confusion in cases where someone has bought the rights to a collapsing company’s name..

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful