B.C. mall tycoon Weihong Liu has placed a bid for 25 Hudson’s Bay Co. properties, she confirmed yesterday to The Toronto Star. Liu had previously announced her intention to “acquire” HBC on Chinese social media app Red Note. She told the newspaper she will be holding a press conference within 10 days.
At the same time, Toronto investment firm Urbana has come out with a proposal of its own to acquire the Hudson’s Bay brand and the company’s historic 1670 royal charter, an artifact whose fate some Indigenous advocates say should be decided by First Nations.
