TB Retail
Ted Baker Canada Inc., Ted Baker Limited, OSL Fashion Services Canada Inc. and OSL Fashion Services, Inc. have been under the Companies' Creditors Arrangement Act in the Ontario Superior Court of Justice since April 24, 2024, with Alvarez & Marsal Canada Inc. as monitor. CIBC is the senior secured lender under a credit agreement dated March 14, 2023 and amended August 3, 2023 and April 24, 2024, providing revolving loans of up to $36.5 million secured in Ontario, Quebec, Alberta, British Columbia, Nova Scotia and Manitoba. The initial order created an interim lender's charge for borrowings not exceeding $7 million, ranking behind only the administration charge, and a DIP term sheet dated May 1, 2024 added a super-priority charge securing a facility of up to $28 million. OSL Retail's $10 million secured promissory note is postponed to CIBC.
The officer filed report no. Fourth Report. The Ted Baker Group has completed its liquidation sale and wound down operations, terminating virtually all employees; remaining activities are limited to tax filings, pursuing the outstanding ERTC refund claim appeal, and administrative wind-down matters supported by OSL Retail and Antoine Adams.
Source: Fourth Report of the Monitor
The officer filed report no. Third Report. Following completion of the Sale in August 2024, all remaining retail employees were terminated and only a small group of corporate employees remain, led by Mr. Antoine Adams, to wind down operations, pursue the ERTC refund, collect remaining receivables, and resolve remaining letters of credit.
Source: Third Report of the Monitor
The officer filed report no. Second Report of the Monitor. The Ted Baker Group is winding down its retail operations through an extended liquidation sale (Gordon Brothers-run Sale) across Canadian and US stores, has completed the United Legwear transaction for its Bloomingdale's concession business, and is terminating most remaining employees as it moves toward completing the sale and an orderly wind-down of the business.
Source: Second Report of the Monitor
Order of Justice Black (Realization Process Approval) was filed.
Source: Order of Justice Black (Realization Process Approval)
Motion Record (ARIO and Realization Process Approval Order) — Application / notice of application
Debtor
TB Retail
Monitor
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 4 orders, Apr 2024 | 198 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Jan 2026 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorAlvarez & Marsal | Bennett Jones LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| ApplicantTB Retail | Osler, Hoskin & Harcourt LLP | 24 Apr 2024 | Order · 24 Apr 2024 |
| CreditorAuthentic Brands Group | Goodmans LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| CreditorCanadian Imperial Bank of Commerce | Blake, Cassels & Graydon LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| CreditorGordon Brothers Canada ULC and Gordon Brothers Retail Partners, LLC | Cassels Brock & Blackwell LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| CreditorGranite Telecommunications, LLC | Cozen O'Connor LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| CreditorIvanhoe Cambridge II Inc | Camelino Galessiere LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| CreditorMaestro Knitting Bulgaria Ltd | Thornton Grout Finnigan LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| CreditorOSL Retail Services Inc | McCarthy Tétrault LLP · Winston & Strawn LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| CreditorYorkdale Shopping Centre Holdings Inc., OPGI Management GP Inc | Thornton Grout Finnigan LLP | 23 Jan 2026 | Service list · 23 Jan 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | OSL Retailas of March 14, 2023 — Secured promissory note; general security agreement dated March 14, 2024 over all present and after-acquired undertaking and property — Related party (OSL Fashion Services Canada Inc. affiliate); principal amount stated is the note's face amount, not necessarily outstanding balance; debt subordinated and postponed to CIBC/Senior Lenders pursuant to Subordination Agreement dated March 14, 2023 (cession/postponement of rank) — debtor: Ted Baker Canada Inc. (Fashion Canada) | $10M | First Report of the Monitor |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured claims.
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See all plans2 transactions · 2 closed — the Liquidation Sale, completed August 4, 2024Fourth Report of the Monitor · 16 Jan 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| United Legwearassume the license and operations of the Ted Baker concession stores within Bloomingdale's and purchase the related inventory and FF&E from the Ted Baker Group · asset sale | not stated | Closed22 Jul 2024 | Third Report of the Monitor |
| unnamedliquidation sale of merchandise and FF&E at the Ted Baker Group's store and warehouse locations in Canada and the U.S | not stated | Closed4 Aug 2024 | Fourth Report of the Monitor |
Cumulative receipts
$50.5M USD
As at 30 Jul 2024Second Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Conway
| PDF · Subscribers | |
| Motion Record | PDF · Subscribers | |
Order (Stay Extension)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Endorsement of Justice Penny
| PDF · Subscribers | |
| Factum (Stay Extension) | PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Motion Record (Stay Extension) | PDF · Subscribers | |
Endorsement of Justice Steele
| PDF · Subscribers | |
Order (Stay Extension and WEPPA Declaration)
| PDF · Subscribers | |
| Factum (Stay Extension and WEPPA Declaration) | PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Motion Record (Stay Extension and WEPPA Declaration) | PDF · Subscribers | |
| Motion Record (ARIO and Realization Process Approval Order) | PDF · Subscribers | |
| Factum (ARIO and Realization Process Approval Order) | PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
Order of Justice Black (Realization Process Approval)
| PDF · Subscribers | |
Endorsement of Justice Black
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
| Factum of the Applicant | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Order of Justice Black (ARIO)
| PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “TB Retail” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/tb-retail