Ted Baker Canada seeking creditor protection amid 'significant' liquidity challenges
by CP24
CP24— TORONTO - The owners of Ted Baker's Canadian operations have filed for court protection from creditors in a bid to help the retailer get enough “breathing room” to decide whether to liquidate and wind down the business or pursue other unspecified alternatives. In court filings Wednesday, lawyers for the ownership group - OSL Fashion Canada Inc. and OSL Fashion Services Inc. - say the clothing brand is facing “significant” liquidity challenges and has been “unsuccessful” in reducing costs,...
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