The Financial Post reports in its Monday, June 9, edition that when Hudson's Bay began liquidating its stores and seeking a new owner, Ruby Liu aimed to save Canada's oldest company. A Canadian Press dispatch to the Post reports that Ms. Liu initially offered to buy it but was thwarted when Canadian Tire was selected to acquire its name and trademark. Undeterred, Ms Liu secured a deal to take over up to 28 leases from Hudson's Bay and Saks in Alberta, B.C. and Ontario to create a "new modern department store." However, turning her vision into reality will be challenging, despite her persistence and access to significant funds. The Eaton Chair in Retailing at Toronto Metropolitan University, Jenna Jacobson, says, "There is a lot of research, a lot of planning, a lot of capital, a lot of logistical challenges, inventory, branding and people that need to be figured out." Hudson's Bay sold its real estate long ago, so Ms. Liu's first task after the liquidation sales ends Sunday is to persuade the landlords of the large spaces to support her plan for court approval. Several landlords have told CP they are awaiting more details before they decide what to do about Ms. Liu.