Hudson’s Bay is headed back to court with hopes of getting approval to sell more of its leases and to extend its reprieve from creditors.
The collapsed retailer is expected to use the appearance Thursday morning to ask the Ontario Superior Court to allow it to sell five leases to clothing company YM Inc. and one to Ivanhoe Realties Inc.
YM Inc. owns a slew of mall brands including Bluenotes, Urban Planet, Suzy Shier and West 49.
It wants to pay $5.03 million to take over properties the Bay and its sister Saks business held at Vaughan Mills in Vaughan, Ont., Tanger Outlet in Kanata, Ont., Outlet Collection in Winnipeg, CrossIron Mills in Rocky View, Alta., and Toronto Premium Outlets in Halton Hills, Ont….