A B.C. billionaire who spent the summer fighting to move into former Hudson's Bay properties found herself on the losing end of an Ontario Superior Court decision on Friday. Judge Peter Osborne ruled that landlords for the collapsed retailer will not be forced to accept Ruby Liu as a tenant. In his judgment, Osborne said he had significant concerns about Liu's ability to meet the terms of the leases she wanted.
"We had signed the lease in 2007... quite an expensive lease, which was a regular lease at the time," the chef tells Katie Byrne on the latest episode of the Money Talks podcast. "It was about €125,000 a year rent for the space. We signed that with personal guarantees - we were a bit naive going in, we kind of said, 'ah yeah, sure we'll just sign whatever we need to sign'. And then the crash happened and it was... yeah, it was difficult."