The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the exposure other companies have to its potential downfall.
RioCan Real Estate Investment Trust is especially exposed to Hudson’s Bay’s financial woes because the two companies co-own 12 store properties, including some of the most prominent downtown locations, through a joint venture.
On Tuesday, RioCan said in a release that the retailer’s creditor protection filing is “disappointing.”
Hudson’s Bay is awaiting court permission to start liquidating all of its stores after it filed for creditor protection on March 7….