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International Business Times UK

Business

Martin Toledo

Ruby Liu's Hudson's Bay Dream Collapses — Inside the B.C. Billionaire's Retail Empire Gone Wrong

Canada Hudson Bay

Ruby Liu (Credit: /https://www.instagram.com/rubyliu.commercial/)

B.C. billionaire Ruby Liu's ambitious plan to take over dozens of former Hudson's Bay stores has collapsed after a Canadian court blocked most of her proposed acquisitions.

The Ontario Superior Court ruled on Friday that Liu's company, Central Walk, failed to meet the financial and operational requirements to assume 25 of the 28 retail leases she had sought.

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