Ontario · CCAA
Second Report of the Monitor
Court officer report · 30 July 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- cash on handnote: Figures in $000's; cash on hand at end of 13-week Reporting Period ended July 21, 2024 · as at: 2024-07-21 · amount: 5175000 · currency: USD
- disbursementsnote: Figures in USD $000's; actual cumulative disbursements for the Reporting Period · since: 13-week period ended July 21, 2024 · amount: 32779000 · currency: USD
- operational summaryThe 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.
- professional feesnote: Figures in $000's; forecast was $4,315,000 vs actual $3,017,000 · party: Restructuring professionals (including Monitor, Monitor's counsel, Applicants' counsel) · amount: 3017000 · period: 13-week period ended July 21, 2024 · currency: USD
- receipts cumulativenote: Figures in USD $000's; actual cumulative receipts for the Reporting Period · since: 13-week period ended July 21, 2024 · amount: 50516000 · currency: USD
- report date30 July 2024
- report noSecond Report of the Monitor