Hudson’s Bay finds buyer for up to 28 store leases

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Open this photo in gallery: Twelve parties submitted offers for a total of 39 leases, according to court documents.Jeff McIntosh/The Canadian Press A Chinese billionaire mall owner in British Columbia has won the bidding for up to 28 Hudson’s Bay store leases, the company announced on Friday. Weihong Liu, chairwoman of real estate investment company Central Walk, has agreed to acquire the leases through an affiliate company, Ruby Liu Commercial Investment Corp., “for the purposes of launching a new modern department store concept in Canada,” according to a release from Hudson’s Bay. Ms. Liu has been vocal in recent months...