TORONTO — A B.C. billionaire who spent the summer fighting to move a department store she wants to create into former Hudson’s Bay properties has found herself on the losing end of an Ontario Superior Court decision.

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

In a 48-page judgment, Osborne said he had “significant concerns” about Liu’s ability to meet the terms of the leases she wanted and found arguments made by landlords fighting her bid to take over properties “compelling.”

HBC declined to comment on his decision, while a spokesperson for Liu did not immediately respond to messages from The Canadian Press. Both parties have the ability to appeal the decision, though neither has announced plans to.

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