Warehouse One and Bootlegger to conduct store closing sales
WINNIPEG, Manitoba–(BUSINESS WIRE)–Warehouse One Clothing Ltd. (the “Company”) announced yesterday that it has commenced proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) pursuant to an initial order (the “Initial Order”) from the Court of King’s Bench of Manitoba (the “Court”). The Company is a specialty fashion retailer serving customers through its Warehouse One and Bootlegger banners.
After careful consideration of all reasonably available options, the Company has made the difficult decision to commence the CCAA proceedings to allow for an orderly wind down of its operations, including all Warehouse One and Bootlegger retail locations.
The Company intends to return to Court in the coming days to seek a further order approving the liquidation of its 128 retail stores across Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Newfoundland, Nova Scotia, New Brunswick and the Yukon.
Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as the CCAA Monitor. Court filings and other information related to the CCAA proceedings will be available on the Monitor’s website at https://www.alvarezandmarsal.com/WarehouseOne.
About the Company
Warehouse One is one of Canada’s largest specialty apparel retailers. Established in 1976, the Company operates 128 stores across Canada under the Warehouse One and Bootlegger banners.
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