Coppley Apparel Group Limited obtained protection under the Companies' Creditors Arrangement Act from the Ontario Superior Court of Justice (Commercial List) on June 10, 2009, in court file CV-09-8221-00CL, with BDO Dunwoody Limited appointed Monitor. The proceedings remain active. Wachovia Capital Finance Corporation (Central) stands as both DIP lender and secured creditor of the company, and carried an over advance position of approximately $750,000 during the CCAA proceedings. The Monitor has reported that Wachovia would suffer a significant loss on its secured loans under liquidation scenarios.
Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
The court granted an approval and vesting order for the sale to HMX Canada Acquisition Corp., Embu Investments Spółka Z Ograniczoną Odpowiedzialnością Branch In Luxembourg. Closing terms, as extracted: Vesting occurs upon delivery of the Monitor's Certificate confirming payment and satisfaction of closing conditions.
Wachovia Capital Finance Corporation (Central)DIP Lender / secured creditor; over advance position of approximately $750,000 during CCAA proceedings — Amount owing not stated as a total figure in these pages; monitor notes Wachovia will suffer a significant loss on its secured loans in liquidation scenarios — debtor: Coppley Apparel Group Limited
—
Monitor's Second Report
scroll →
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
5 transactions · 3 approved · 2 proposed — Emerisque transaction delayed and being renegotiated; Concord Assets sale being pursued with Emerisque after liquidator offers rejectedThird Report · 22 Jul 2009
Emerisque Brands UK Limited and SKNL North America, B.V.Stalking horsesubstantially all of the assets of Coppley Apparel Group Limited · asset sale · nominee/assignee: HMX Canada · agreement 10 Jun 2009
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Amended and Restated Vesting Order of Justice Morawetz
Closing termsVesting occurs upon delivery of the Monitor's Certificate confirming payment and satisfaction of closing conditions
Order date10 August 2009
PurchaserHMX Canada Acquisition Corp. · the Canadian Acquired Assets, other than the Canadian Acquired IP Assets · asset sale · approved; Embu Investments Spółka Z Ograniczoną Odpowiedzialnością Branch In Luxembourg · the Canadian Acquired IP Assets · asset sale · approved
Operational summaryCoppley is negotiating an extension of the closing date with Emerisque for the sale of its Canadian business, while continuing to seek going-concern buyers for the Concord Assets, which remain unsold.
Cash on hand · Disbursements · Financial positionSubscribers
Closing termsvesting effective upon delivery of Monitor's Certificate confirming payment of Purchase Price, satisfaction/waiver of Closing conditions, and completion of the Transaction
Order date13 July 2009
PurchaserHMX Canada Acquisition Corp. · Coppley's right, title and interest in and to the Canadian Acquired Assets · asset sale · approved
Sealed itemsAppendices "D", "F", "G" and "H" to the First Report
Closing termsVesting effective upon delivery of Monitor's Certificate confirming payment of Purchase Price, satisfaction/waiver of conditions, and completion of Transaction
Order date13 July 2009
PurchaserHMX Canada Acquisition Corp. · all right, title and interest in and to the assets described in the Sale Agreement (the "Canadian Acquired Assets") · asset sale · approved
Sealed itemsAppendices D, F, G and H to the First Report
Process results44 solicited · 20 NDAs · 0 qualified bids · 5 bids · as of 22 Jun 2009
PurchaserEmerisque Brands UK Limited and SKNL North America B.V. and its assignee HMX Canada (stalking horse) · nominee/assignee HMX Canada · the assets of Coppley, excluding the inventory and equipment of the former Royal Shirt manufacturing facility in Concord, Ontario (the "Concord Assets") · asset sale · approved; unnamed liquidator bidder for the Coppley Assets (excluding Concord Assets) · the Coppley Assets, (excluding the Concord Assets) · asset sale · not completed; offers received for the Concord Assets (three liquidators, one strategic buyer) · the Concord Assets · asset sale · proposed
Recovery outcomeEntries: per estimated; per estimated · Stated on: 2009-07-10 · Table missing:
PurchaserEmerisque Brands UK Limited and SKNL North America, B.V. (stalking horse) · substantially all of the assets of Coppley Apparel Group Limited · asset sale · proposed
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Coppley Apparel Group Limited” (CCAA), Ontario Superior Court of Justice. Retrieved 21 September 2026, https://proceedings.ca/case/coppley-apparel-group-limited
Sources last checked · summary updated 21 August 2026 · Report a correction · Printed from proceedings.ca/case/coppley-apparel-group-limited
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.