Estella Ren

2 months ago | stcatharinesstandard.ca | Estella Ren |Kenyon Wallace

A British Columbia-based billionaire mall owner is planning to “acquire” beleaguered retailer Hudson’s Bay, according to a series of posts on a Chinese social media platform. In seven videos posted over the last two weeks on RedNote, a Chinese social networking and e-commerce app, Weihong Liu, chairwoman of shopping centre owner Central Walk, expressed her intent to buy Hudson’s Bay, which filed for creditor protection on March 7. “We will buy dozens of the stores together.

2 months ago | thespec.com | Estella Ren |Kenyon Wallace

A British Columbia-based billionaire mall owner is planning to “acquire” beleaguered retailer Hudson’s Bay, according to a series of posts on a Chinese social media platform. In seven videos posted over the last two weeks on RedNote, a Chinese social networking and e-commerce app, Weihong Liu, chairwoman of shopping centre owner Central Walk, expressed her intent to buy Hudson’s Bay, which filed for creditor protection on March 7. “We will buy dozens of the stores together.

2 months ago | thespec.com | Estella Ren |Kenyon Wallace

The leases of Hudson’s Bay’s eight-floor flagship store in downtown Toronto and the beleaguered retailer’s more than 80 locations across Canada are up for grabs — but experts say finding other companies to take over the spaces will be challenging. While the liquidation of most of its stores is underway, Hudson’s Bay has kicked off a process to scout for parties interested in bidding for the leases of the company’s enormous retail footprint.

2 months ago | stcatharinesstandard.ca | Estella Ren |Kenyon Wallace

The leases of Hudson’s Bay’s eight-floor flagship store in downtown Toronto and the beleaguered retailer’s more than 80 locations across Canada are up for grabs — but experts say finding other companies to take over the spaces will be challenging. While the liquidation of most of its stores is underway, Hudson’s Bay has kicked off a process to scout for parties interested in bidding for the leases of the company’s enormous retail footprint.

2 months ago | thespec.com | Estella Ren |Kenyon Wallace

The Ontario Superior Court approved the beleaguered company’s proposal on Friday to liquidate most of its business, bringing a 355-year legacy closer to its final chapter. The six retail stores Hudson’s Bay wants to keep in normal operation could also enter liquidation if the company can’t come up with a solution to save its business by April 4. Those terms are in the proposed restructuring support agreement to be reviewed in court on Wednesday.