Target Corp. could be on hook for Cdn. leases

TORONTO — Target’s suppliers revealed in court Monday that the agreement giving the doomed retailer control over Zellers’ former leases is worded in a way that might leave U.S.-based Target Corp. holding the bag. A lawyer for the suppliers called the revelation “a significant piece of information that was never disclosed” previously, according to Report on Business. Target Corp’s solicitors countered that the details of the 2011 deal had not been covered, but were simply irrelevant to the case. The suppliers hope that assigning the parent company more liability for claims by landlords will free up more capital for other creditors.