Ontario · CCAA
Third Report of the Monitor
Court officer report · 23 January 2025
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What we verified from this filing8 verified
- cash on handnote: anticipated to be sufficient to satisfy the remaining costs and expenses in these proceedings · as at: 2025-01-21 · amount: 600000 · currency: USD · qualifier: approximately
- closing confirmedscope: assume 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 · outcome: completed · effective: 2024-07-22 · purchaser: United Legwear · date basis: stated
- operational summaryFollowing 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.
- purchaserUnited Legwear
- report date23 January 2025
- report noThird Report
- sale advisorGordon Brothers Canada ULC and Gordon Brothers Retail Partners, LLC
- sale outcometext: information on the completion of the Sale · scope: ancillary · status: closed