Ruby Liu hires even if she is still not the owner of the leases of the bay

British-Colombian billionaire Ruby Liu organized a job show in Toronto on Saturday to. Furthermore, recruit personnel for the overhaul of La Baie stores. Nevertheless, This show took place at the Intercontinental Hotel despite the fact that Ms. However, Liu is still not the owner of the leases of these deposed department stores.

His attempt to buy 25 commercial leases that belonged to the bay before his bankruptcy was before the courts. Moreover, She already has three who were in her own shopping centers in British Columbia.

Several former bay employees as well as entrepreneurs who wish to sell their products there.

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We want to prepare for the opening of stores. Consequently, She is very confident that we are going to get the storessaid Linda Qin, CEO of Central WalkMs. Therefore, Liu’s business. Meanwhile, Ms. For example, Qin also served as an interpreter for Mrs. Nevertheless, Liu, who only speaks Mandarin.

The latter signed an agreement with the bay last May to acquire leases of old stores in Alberta. In addition, British Columbia and Ontario. Nevertheless, Documents ruby liu hires even if reveal that the purchase price for the 25 leases must amount to $ 94 million.

However. However, according to an expert, this employment fair is neither more nor less a seduction operation in order to advance the commercial interests of Ms. In addition, Liu while the situation before the courts advances to a turtle step.

In court without lawyer – Ruby liu hires even if

Hudson’s Bay was under the protection of its creditors last March. Nevertheless, Canadian Tire has since bought the intellectual property of these emblematic shelves. Moreover, Ms. Meanwhile, Liu is trying to acquire commercial leases. However, this transaction is the subject of a legal battle with the creditors of the bay. However, One of the main lenders, Restore Capital, asked the court to cancel the agreement with Ms. Liu. Restore doubts about Ms. Liu’s abilities to manage these leases, said lawyers for this ruby liu hires even if financial service company.

In the court documents deposited before the hearing scheduled for the Ontario Superior Court on Tuesday. the Alvarez & Marsal controller, appointed by the court to supervise the bay restructuring process, has also raised major concerns.

Despite the many weeks that have passed since the initial meetings with the owners. the considerable efforts deployed by the applicants and their advisers to work with the potential buyer, to date, the potential buyer has not significantly responded to the concerns and problems raisedcan we read in the report.

Ms. Liu’s team has not taken the basic and necessary measures to advance its offerwe add to it.

However, Ms. Liu presented herself in court on Tuesday without a lawyer or documents to help him defend her cause. The judge Peter Osborne postponed the hearing to allow him to find a ruby liu hires even if new legal representation.

[Mes avocats] resigned Sunday afternoon without noticeexplained Ms. Liu through her interpreter during a press scrum after adjourning. She said they had demanded an additional $ three million dollars, which she refused to pay.

Risky bet

Ms. Liu proposes to transform the old stores La Baie into commercial destinations inspired by Asian department stores. such as those in Shanghai or Bangkok, with shopping, restoration and entertainment spaces.

Bruce Windera retail analyst, believes that this project has considerable risks.

It is a [aventure commerciale] very steep. It is a difficult battle. If she gets the leases -. we are not sure that she will get them – she will have to invest millions simply to bring back [ces lieux] at an acceptable level for customershe explained.

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It is a huge task, especially when you go from zero to 28 stores. Remember what happened with Targetadded Mr. Winderreferring to the commercial failure of this American giant in Canada.

Jim Danahaa retail expert, agrees with Mr. Winder : These spaces are large square boxes without windows and are not easily redevelopablehe explained in an interview.

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He doubts Ms. Liu’s experience in the field of retail. She has some experience in the rental of commercial spaces. not in the operation of commercial spaceshe said, echoing the concerns of Restore Capital.

Hope for former employees

The organization of an employment fair in Toronto has made some waved. M. ruby liu hires even if Dancing Said rather skeptical about Ms. Liu’s intentions. This is a Excellent show to impress a judge. the general public, to put pressure so that his request is approved. It’s good theaterhe said in an interview on Saturday.

However, at the employment fair, optimism reigned. It’s a great opportunity for everyone. [Mme Liu] said it is not about money but rather to create a market. help viable retail companies in Canada. I think it’s a good trend. also a great possibility for Canadianssaid Jae Lim, representative of K-Beauty Canada and potential seller present at the Intercontinental Hotel.

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And for former employees of the bay who have lost their jobs, the initiative of Ms. Liu represents a hope of finding work.

Ruby said she wanted to focus on our rehiring. We don’t really know if we will have jobs. not, but it seems positivesaid Kveton passwordwho worked 27 years for bay.

She has a positive vision. And we wish him success. It remains to be seen what will happenshe ruby liu hires even if added.

Mme Kveton estimates that department stores must reinvent themselves to survive the era of online commerce. This is the management that the retail trade must take. We all have major competition to try to make a living in a physical store. And this competition is online shopping.

If she succeeds, she will be a Canadian heroineconcluded Ms. Kveton.

With information from Julia Knope, CBC