TORONTO — B.C. billionaire Ruby Liu's ambitious plan to launch a new department store chain in former Hudson's Bay and Saks Canada locations is facing significant resistance from major Canadian landlords [1][2][3]. Liu estimates she can have at least 20 locations operational within 180 days of signing leases, according to a package prepared by her lawyers and obtained by The Canadian Press [4][5].

The 55-page document, sent to landlords of 25 leases Liu seeks to take over, outlines her leadership experience, hiring plans, and includes prospective balance sheets and earnings forecasts [6][7]. However, lawyers representing several major property companies, including Cadillac Fairview, Oxford Properties, and Primaris, expressed their concerns to a judge on Monday [2][4].

"We've been very troubled with our interactions with Liu and have had no productive discussions, no meaningful disclosure," the lawyers stated in court [2][4][5]. This response indicates a significant hurdle for Liu's plans to revitalize the retail spaces left vacant by the struggling Hudson's Bay Company.

The case highlights the challenges facing the Canadian retail landscape, particularly in the wake of the Hudson's Bay Company's recent difficulties. As traditional department stores struggle, Liu's proposal represents a bold attempt to reimagine the sector, though it's clear that convincing property owners will be a crucial step in realizing this vision [6][7].

As the legal proceedings continue in Toronto, the outcome of this case could have far-reaching implications for the future of retail in major Canadian cities. The court's decision will be closely watched by industry observers, as it may set a precedent for how similar situations are handled in the future [4][8].