Weihong (Ruby) Liu, a B.C. mall owner, aimed to save Hudson's Bay from liquidation by purchasing the company. After Canadian Tire was selected to acquire its name and trademark, Liu pivoted to secure leases for up to 28 locations in Alberta, B.C., and Ontario to create modern department stores. Despite having financial backing, Liu faces hurdles including landlord approval, logistical challenges, and the complex nature of establishing a new retail brand in these locations. Experts suggest gaining landlord support will be crucial for Liu's plans to succeed.
"There is a lot of research, a lot of planning, a lot of capital, a lot of logistical challenges, inventory, branding and people that need to be figured out."
"Several landlords have told The Canadian Press they are awaiting more details before they decide what to do about Liu, who declined to comment for this story."
"Liu's first task once the liquidation sales end will be convincing the landlords who own the massive spaces to get on board with her plan."
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