Ruby Liu and the Lost Bid for Hudson’s Bay Stores

Retail analyst Carl Boutet reflects on Ruby Liu’s failed bid to acquire 25 former Hudson’s Bay leases, noting that while her community-driven vision for reimagined anchor stores was conceptually sound, landlords and the court rejected it for lacking operational depth, financial proof, and credible partners—illustrating the widening gap between creative retail ambition and the institutional discipline shaping Canada’s next generation of mall redevelopments.

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