Potential bidders eye HBC assets

At least four prospective bidders have expressed interest in acquiring part of Hudson Bay Co.’s assets, The Globe and Mail reports. In addition to its retail operations, HBC’s intellectual property—such as the striped design on its famous point blankets—and its 78 percent stake in a joint venture with RioCan Real Estate Investment Trust could attract bids. So far, only B.C. mall magnate Weihong Liu has publicly mooted the idea of bidding. The deadline for proposals is April 30.