Warehouse One Clothing Ltd.
Follow- Proceeding
- CCAACompanies' Creditors Arrangement Act R.S.C. 1985, c. C-36, as amended
- File
- CI 26-01-57065
Warehouse One Clothing Ltd. has been under Companies' Creditors Arrangement Act protection in the Court of King's Bench of Manitoba since May 6, 2026, on its own application, with Alvarez & Marsal Canada Inc. as monitor and the matter carried in court file CI 26-01-57065. The preliminary list of creditors as at that date shows secured claims of $22,236,480.85 owed to Highgate Capital Ltd., $8,250,000.00 to Who Industries Inc., $6,947,897.15 to R.I.S. Media Ltd. and $2,750,000.00 to 4565038 Manitoba Ltd. The largest unsecured claims are $673,289.22 owed to Bestseller Wholesale Canada, $600,184.05 to Silver Jeans, $500,432.38 to King Lai International Group Ltd and $468,690.58 to Zhiyuan Garment Co., Ltd. Purolator Inc. is listed at $345,088.74 and the Receiver General of Canada at $335,326.10.
Motion Brief of the Applicant (Approval and Vesting Order, Distribution and Ancillary Order) — Application / notice of application
17 earlier updates, back to 6 May 2026 — subscribers.
Undated filings2 — no date appears on the document · show
2 filings carry no date on their face — subscribers.
Outcome brief
Warehouse One: every secured lender was an affiliate
The Winnipeg denim chain founded in 1977 liquidated its stores for about $20.5 million in net merchandise proceeds and sold its brands to YM Inc. (Sales) for $744,000, and on September 9, 2026 the court authorized distributions to affiliated second-lien lenders owed $20,456,733 in principal at April 28, for whom the monitor estimates about $5.0 million is available.
Debtor
Warehouse One Clothing Ltd.
Monitor
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Grammond | Court of King's Bench of Manitoba | 3 orders, May 2026 – Sep 2026 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorAlvarez & Marsal | Goodmans LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| ApplicantWarehouse One Clothing Ltd. | Pitblado LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| CreditorChina Export & Credit Insurance Corporation and Guangzhou Zichi Garment Co., Ltd | Gowling WLG (Canada) LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| CreditorCrombie Developments Ltd | Gardiner Roberts LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| CreditorKingsway Garden Holdings Inc | Daoust Vukovich LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| CreditorTown Centre Properties 2018 Inc | Swainson Miki Peskett LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| CreditorWHO Industries Ltd., Highgate Capital Ltd | MLT Aikins LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Second Lien Affiliate Lenders (Highgate Capital Ltd. and R.I.S. Media Ltd., aggregate)Second Lien Affiliate Loans - security interests rank pari passu and in priority to security interests securing WHO Industries Loan and 456 Manitoba Loan; also secured by mortgage on Kenora Property — Aggregate principal amount owing (exclusive of accrued interest); became senior-ranking secured claims following payment in full of Senior Credit Facility; expected to suffer significant deficiency on Proposed Distributions of approximately $5.0 million; related parties (shareholder/affiliates) — debtor: Warehouse One Clothing Ltd. · as of 28 Apr 2026 | $20.5M | Third Report of the Monitor |
2 transactions · 1 proposed · 1 closed — the activities that led to the proposed IP TransactionSecond Report of the Monitor · 20 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Lorelie Stebnitsky and Barton Stebnitskythe Applicant's real property located at 323 First Street South, Kenora, Ontario (the ' Kenora Property ') · real property | Sealed | Proposed | Third Report of the Monitor |
| YM Inc. (Sales)all of the Applicant's right, title and interest in and to the Purchased Assets · asset sale · agreement 17 Jul 2026 | Subscribers | Closed30 Jul 2026 | Third Report of the Monitor |
Unsecured creditors: no distribution.EstimatedThird Report of the Monitor · 1 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the monitor | Third Report of the Monitor · 1 Sep 2026 |
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.
2 engagements · 2 firms — latest: Goodmans LLP, 4 Jun – 31 Aug 2026Third Report of the Monitor · 1 Sep 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Alvarez & Marsal Canada Inc.Monitor | 3 May – 15 Aug 2026 | — | — | —3 people | Third Report of the Monitor · 1 Sep 2026 |
| Goodmans LLPCounsel to the monitor | 4 Jun – 31 Aug 2026 | — | — | —8 people | Third Report of the Monitor · 1 Sep 2026 |
| Date | Document | File |
|---|---|---|
Notice of Motion (Approval and Vesting Order, Distribution and Ancillary Order)
| PDF · Subscribers | |
Motion Brief of the Applicant (Approval and Vesting Order, Distribution and Ancillary Order)
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Notice of Motion of the Applicant (Approval and Vesting Order, Distribution, WEPPA Declaration, and Stay Extension Order) | PDF · Subscribers | |
Service List (as at July 22, 2026)
| PDF · Subscribers | |
| Monitor’s Certificate | PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Approval and Vesting Order | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| Distribution, WEPPA Declaration and Stay Extension Order | PDF · Subscribers | |
Notice of Motion (Comeback Hearing – Amended and Restated Initial Order)
| PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | PDF · Subscribers | |
| Affidavit of Shamsh Kassam | PDF · Subscribers | |
Distribution and Ancillary Order
| PDF · Subscribers | |
| Notice of Application (CCAA Initial Order) | PDF · Subscribers | |
| Motion Brief of the Applicant (Approval and Vesting Order, Distribution, WEPPA Declaration, and Stay Extension Order) | PDF · Subscribers | |
| Motion Brief of the Applicant (Comeback Hearing - Amended and Restated Initial Order) | 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., “Warehouse One Clothing Ltd.” (CCAA), Court of King's Bench of Manitoba. Retrieved 20 September 2026, https://proceedings.ca/case/warehouse-one-clothing-ltd