Quebec · CCAA

First report of the Monitor on the state of the Debtor’s financial affairs – dated September 27, 2011

Court officer report · 27 September 2011

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 filing3 verified

operational summaryThe Debtor continues to operate its chain of 92 department stores in the normal course while restructuring: it is soliciting liquidator bids for about 23 closing stores, planning an excess inventory liquidation, cutting costs and seeking refinancing, with weekly cash flow monitoring under a Wells Fargo DIP facility.
report date27 September 2011
report noFirst Report of the Monitor