Hudson’s Bay

Toronto (Rajeev Sharma): — A legal battle over prime retail space at Toronto’s upscale Yorkdale Shopping Centre has ended in favour of mall owner Oxford Properties, preventing a discount department store from moving into the former Hudson’s Bay location. In a ruling delivered Monday, Justice Jessica Kimmel denied approval for Les Ailes de la Mode — a retailer owned by Fairweather Ltd. — to assume the lease of the vacant Hudson’s Bay store. The judge raised concerns about the commercial viability of the proposed arrangement, stating there appeared to be a “lack of commercial soundness” in the transaction, making it…