A new department store concept called Ruby Liu will be launching in Canada this year in Ontario, Alberta and British Columbia. Hudson’s Bay Company has entered into a definitive agreement to assign up to 28 of its store leases in British Columbia, Alberta, and Ontario to Weihong (Ruby) Liu.
The leases will be transferred to Ruby Liu Commercial Investment Corp for a department store concept designed to appeal to a multicultural Canadian audience. Former Hudson’s Bay employees will be prioritized for employment opportunities at the new store.
