A B.C. billionaire who spent the summer fighting to move into former Hudson’s Bay properties found herself on the losing end of an Ontario Superior Court decision on Friday.

Judge Peter Osborne ruled that landlords for the collapsed retailer will not be forced to accept Ruby Liu as a tenant.

While no one immediately announced plans to appeal the decision, the losing side could seek to overturn the outcome.

In his judgement, Osborne said he had “significant concerns” about Liu’s ability to meet their term of the leases she wanted.

Major landlords including Cadillac Fairview, Oxford Properties and Ivanhoé Cambridge were opposed to Liu buying 25 former Hudson’s Bay leases for $69.1 million.

They painted Liu as an inexperienced retail entrepreneur and said her plan to open at least 20 spa

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