An Ontario court has delivered a significant ruling against billionaire Ruby Liu, who sought to lease properties formerly owned by Hudson’s Bay. This decision underscores the challenges faced by Liu in her quest to establish a retail presence in Canada.
Billionaire Ruby Liu’s Legal Setback
On October 24, 2025, the Ontario Superior Court ruled that landlords are not obligated to accept Ruby Liu as a tenant for the former Hudson’s Bay properties. Presiding Judge Peter Osborne expressed agreement with the landlords’ concerns regarding Liu’s ability to fulfill the lease obligations.
Landlords’ Concerns
Major real estate firms, including Cadillac Fairview, Oxford Properties, and Ivanhoé Cambridge, opposed Liu’s bid to acquire 25 leases for a total of $69.1 million. They questioned her experience in the retail sector, emphasizing their belief that she lacked the necessary expertise to manage such retail spaces.
- Judge: Peter Osborne
- Total lease amount: $69.1 million
- Number of leases: 25
- Opposing landlords: Cadillac Fairview, Oxford Properties, Ivanhoé Cambridge
Liu’s Response
In her defense, Ruby Liu pointed to her ownership of three malls, asserting her capability to launch a successful department store. She criticized the landlords, suggesting their opposition stemmed from her status as an “outsider” rather than any legitimate concerns about her qualifications.
The outcome of this legal dispute highlights the complexities of entering the competitive retail market in Canada. Ruby Liu’s ambitious plans may face further scrutiny as she navigates the interests of established landlords and the realities of retail operations.
