Hudson's Bay Landlords Oppose Liu
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Business & Economics
Hudson's Bay landlords don't want Liu to move in, but retailer still has a shot
76% Informative
Group of Hudson’s Bay landlords don’t want to transfer more than two dozen leases to Ruby Liu .
Liu insists if the court hands her the leases, landlords will warm to her and her plan to open a new department store in their properties.
The Bay , which filed for creditor protection in March , agreed to sell up to 28 spaces to Liu .
Court documents show Liu made a deposit of $9.4 million , in addition to $6 million for the three approved leases.
The deal would equate to a purchase price of $100 million for 28 leases.
When a deal like this is reached, a company typically seeks landlord consent because commercial leases tend to have provisions stopping anyone from transferring a lease without a property owner agreeing.
VR Score
79
Informative language
77
Neutral language
75
Article tone
informal
Language
English
Language complexity
38
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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