The Financial Post reports in its Tuesday, Oct. 28, edition that Hudson's Bay Co. attempted to sell 25 leases to billionaire Ruby Liu for $69-million, but an Ontario court blocked the deal. The Post's Naimul Karim writes that opposition from retail landlords, including Ivanhoe Cambridge and Cadillac Fairview, raised concerns about Ms. Liu's business plan and store management, leading to the court case in late August. Justice Peter Osborne supported the landlords' concerns nearly two months later. He said in his 48-page decision released Friday: "The overall lack of experience at the leadership level represents a significant risk to the operational viability of launching and managing 25 large department stores in the contemplated timeline. The composition of the proposed senior leadership group for the purchaser gives me significant concern." HBC, Canada's oldest retailer, which filed for bankruptcy protection under the Companies' Creditors Arrangement Act in March, is trying to pay back millions of dollars to its creditors. Aside from monetizing its leases, HBC also laid off all its employees, sold intellectual property rights to Canadian Tire and is still trying to auction off its artifacts.