×
19 730
Fashion Jobs
CLINIQUE
Retail Beauty Sales Manager - Clinique - Northeast - Hurst, tx
Permanent · Hurst
AVEDA
Aveda Advisor - 8 Hrs - Cherry Creek - Denver,co
Permanent · Denver
NIKE
sr Director, Global Manufacturing - Air
Permanent · PORTLAND
NIKE
Director, ux Design
Permanent · Beaverton
TIFFANY & CO
CRM System Analyst
Permanent · Parsippany-Troy Hills
FOOT LOCKER
Overnight Operations Manager
Permanent · East Rutherford
LEVI'S
District Manager Retail Stores, San Francisco Bay Area
Permanent · Bakersfield
JBCSTYLE
Temporary Digital Creative Operations Manager
Permanent · NEW YORK
JBCSTYLE
Temp Payroll Analyst
Permanent · EL SEGUNDO
JBCSTYLE
Temp Accounts Payable Coordinator
Permanent · EL SEGUNDO
NIKE
Quality Manager
Permanent · Memphis
ESTÉE LAUDER COMPANIES
Part Time Keyholder - Ccs The Outlet Shoppes at Atlanta - 24 Hrs - Woodstock, ga
Permanent · Woodstock
ESTÉE LAUDER COMPANIES
Vice President, Corporate Innovation And Product Development
Permanent · New York
NIKE
General Manager, Partner Management, Americas
Permanent · Beaverton
AVEDA
Aveda Advisor -12 Hrs - Aveda Experience Center Keystone -Indianapolis,in
Permanent · Indianapolis
AVEDA
Part Time Advisor - Aveda Brea Mall - 20 Hrs - Brea,ca
Permanent · Brea
NIKE
Product Line Manager - Tennis Apparel
Permanent · Beaverton
NIKE
Principal Business Architect - Data & Analytics
Permanent · Beaverton
NIKE
Americas Payroll Tax & Accounting Manager
Permanent · Beaverton
AVEDA
Part Time Advisor - Aveda Cherry Hill - 12 Hrs - Cherry Hill, nj
Permanent · Cherry Hill
AVEDA
Aveda Advisor - 10 Hrs - Woodland Hills Mall - Tulsa, ok
Permanent · Tulsa
NIKE
Change Management Director, Global Human Resources
Permanent · Beaverton

Canadian retailer Comark Holdings to restructure as virus crisis weighs

By
Reuters
Published
Jun 4, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Comark Holdings Inc said on Wednesday it would restructure under the Companies’ Creditors Arrangement Act (CCAA) as the fallout from the COVID-19 pandemic hit the Canadian apparel retailer’s business.


Shutterstock



Apparel retailers have been facing mounting debt and bankruptcies as the economic damage brought on by the pandemic has forced store closures and pressured discretionary spending.

The fashion retailer’s Ricki’s, Cleo and Bootlegger websites will remain operational, Comark said, adding it would optimize its store footprint during the restructuring.

Canada’s Aldo Group had also said it would restructure under the CCAA last month, as virus-led lockdowns weighed on the footwear retailer’s business.

The CCAA is a Canadian Federal Act that allows large corporations to restructure their finances and avoid bankruptcy, while allowing creditors to receive some form of payment for amounts owed to them.

The company, which was bought by private equity firm Stern Partners in 2015, said it expects its principal shareholder to participate in the restructuring process and to submit a transaction proposal that would allow it to emerge from CCAA protection.

© Thomson Reuters 2020 All rights reserved.