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Ruby Liu Takes Keys to First Former Hudson’s Bay Store

She plans to convert the Tsawwassen Mills Saks OFF 5th into a Ruby Liu-branded cultural retail destination

Billionaire Ruby Liu, centre, poses with her staff while holding a set of keys to a former Hudson's Bay-owned Saks off 5th department store during a "handover ceremony" at Tsawwassen Mills shopping mall that she owns, in Tsawwassen, B.C., on Thursday, June 26, 2025. Liu was granted court approval this week to take over leases for three Hudson's Bay properties in malls she owns. THE CANADIAN PRESS/Darryl Dyck

Overview

  • Ruby Liu received the keys to a former Hudson’s Bay-owned Saks OFF 5th in Delta’s Tsawwassen Mills, inaugurating her new retail venture.
  • An Ontario court granted her takeover of three Bay leases in malls she owns at Delta, Victoria and Nanaimo.
  • She intends to roll out two formats of Ruby Liu stores—flagship and standard—across 28 locations nationwide.
  • Retail outlets are slated to open within three to six months, while flagship sites will undergo extensive renovations.
  • Landlords have expressed concerns over Liu’s plans even as she allocates more than $180 million for fit-outs and initial inventory.