TORONTO – A major mall owner is suing the U.S. arm of Hudson’s Bay for more than $75 million in losses and damages related to former Saks Fifth Avenue stores in Canada.
At the centre of the Ontario Superior Court case are three Cadillac Fairview Corp. properties — Toronto Eaton Centre, Sherway Gardens in Etobicoke, Ont., and CF Chinook Centre in Calgary — that once housed Saks, a luxury department store HBC acquired in 2013.
The properties were leased for millions of dollars each by HBC’s Canadian arm starting in 2014 and 2015.
They were operated by the HBC’s U.S. subsidiaries until HBC Canada filed for creditor protection in March under the weight of more than $1 billion in debt. The retailer later closed all of its stores, including those under the Saks Canada banner, though Saks cont

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