The Globe and Mail reports in its Thursday, July 31, edition that Hudson's Bay Co. is seeking court approval to sell 25 store leases to B.C. billionaire Weihong (Ruby) Liu, despite considering terminating the deal over alleged breaches. The Globe's Susan Krashinsky Robertson writes that the new court documents reveal the deal is worth $69.1-million and involves opening "Ruby Liu" department stores in 15 former Bay locations in Ontario, along with five each in Alberta and British Columbia. Ms. Liu, the owner of real estate investment company Central Walk, based in Nanaimo, B.C., has already paid $6-million for three Bay leases in malls that Central Walk owns. The deal for the rest of the stores, however, has faced significant opposition from landlords and from some Hudson's Bay lenders, who have asked the court to quash it. The plans for the Ruby Liu stores are brick-and-mortar only; the company will not operate an e-commerce business, according to an affidavit from Reflect Advisors director Adam Zalev. Ms. Liu has been seeking approval from landlords to take over the spaces. HBC sold off its intellectual property, including the stripe design, to Canadian Tire in a $30-million deal.