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flag Chinese billionaire plans to buy and revitalize Hudson's Bay stores in Canada, facing retail skepticism.

flag Chinese billionaire Weihong Liu, chairwoman of Central Walk, plans to buy dozens of Hudson's Bay locations in Canada, aiming to "restore The Bay to its glory." flag Hudson's Bay is liquidating all but six of its 80 stores, as well as three Saks Fifth Avenue and 13 Saks Off 5th locations. flag Liu has shared her intentions on Chinese social media platform RedNote, but retail analysts doubt her success due to challenges in finding vendors and renovating stores.

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