Hudson’s Bay lease sale to Ruby Liu is driven by lender’s push to recover cash: landlords

Hudson’s Bay landlords say a lender’s desire to recoup cash is the only reason the shuttered department store is pursuing a plan to sell its leases to a B.C. billionaire.

The Bay’s landlords say in new court documents that the retailer is keen to make a sale of 25 leases to Ruby Liu happen because of Pathlight Capital LP.