News Summary

B.C. billionaire Ruby Liu has taken ownership of her first retail store, previously owned by Hudson’s Bay, at the Tsawwassen Mills mall in Delta, British Columbia. This acquisition is part of Liu’s broader plan to transform such locations into cultural, tourist, and retail destinations. Liu has expressed interest in acquiring an additional 25 Hudson’s Bay leases across Canada. While her retail operations could commence within three to six months, flagship stores will require further renovations. Liu’s expansion plans are under scrutiny, as landlords are cautious without clear insights into her development intentions.