TORONTO — The B.C. billionaire looking to turn Hudson’s Bay’s old digs into her own retail empire left court Monday with the beginnings of her venture in hand — and a looming fight that could curtail her full ambitions.
Ontario Superior Court judge Peter Osborne granted Ruby Liu 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.
“She is contributing millions of dollars of real value to the Companies’ Creditors Arrangement Act process,” said David Ward, a lawyer representing Liu. “She is betting on herself.”
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