Reitmans further extends CCAA protection to May 28
REITMANS (CANADA) Ltd. has provided a further update following its filing on May 19, 2020, for creditor protection pursuant to the Companies’ Creditors Arrangement Act. Since its initial filing, the company obtained extensions of the initial order until Jan. 22, 2021. Today, the Quebec Superior Court issued an extension of the stay of proceedings pursuant to the CCAA until May 28, 2021.
Reitmans continues to make progress in the CCAA process with the assistance of Ernst & Young Inc., the monitor appointed under the CCAA process, and expects to continue to make announcements as further material progress is made.
About Reitmans (Canada) Ltd.
The company is a leading women’s specialty apparel retailer with retail outlets throughout Canada. As at Jan. 20, 2021, the company operated 415 stores consisting of 245 Reitmans, 92 Penningtons, and 78 RW&CO. The company is a publicly traded company listed on the TSX Venture Exchange.
Bruce J Guerriero, David Jonathan Kassie, Marie Josee Lamothe, Samuel Minzberg, Daniel Rabinowicz, Stephen F Reitman, Howard C Stotland, Robert S Vineberg, Terry Yanofsky
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