Toronto – Hudson’s Gulf has returned to court today for a fight with one of its biggest lenders.
Restore Capital LLC will ask Peter Osborn to ask for a deal between defect retailer and BC billionaire Ruby Liu, who wants to buy 25 of its leases.
The lender argues that the zamindars have proved expensive and unsuccessful so far with efforts to oppose the deal on the board, thus at least how much it will recover from the collapsed retailer.
To assist in the air of the bay, the court wants the court to appoint a “super monitor” to subjugate the department store series to even more inspection.
If the court does not agree to the “Super Monitor” system, the restoration suggests appointing Richter Consulting Ink as a receiver.
The Gulf says that it does not require more oversight as it is properly governed. This maintains that Liu deal is the best shot for creditors to collect more cash.
This report of Canadian Press was first published on 15 July 2025.
Tara Deschamps, Canadian Press