Select Ted Baker Stores Across Canada and the U.S. Commence Store Closing Sales
10 Mayo 2024 - 4:50PM
Business Wire
Closing Sales Also Underway at Select Brooks
Brothers and Lucky Brand Stores in Canada
Stores Continue to Have Ample Merchandise and
Remain Open to Serve Customers with Markdowns up to 30% off
Ted Baker Canada, which conducts business operations for Ted
Baker in Canada, Ted Baker Limited in the United States, Brooks
Brothers in Canada, and Lucky Brand in Canada (collectively, the
“Company”), announced today that it will be commencing store
closing sales across select locations.
Markdowns
All Ted Baker stores in Canada and the U.S. will be offering
savings of up to 30% off original prices on the entire collection
of men’s and women’s high-end designer clothing and accessories at
all 31 retail locations in the U.S., and 9 stores in Canada.
Brooks Brothers Canada is offering savings of up to 30% off
original prices on the entire selection of high-end luxury apparel
for men, women and children and home furnishings across all 8
retail stores in Canada.
Lucky Brand Canada is offering savings of up to 30% off original
prices on the entire collection of men’s and women’s casual
apparel, including premium denim, graphic tees, dresses, and
accessories across all 7 retail stores in Canada.
The store closing sales will apply at retail stores only. As of
May 10, 2024, online shopping is no longer available for the time
being, and all sales are final across all of the Company’s retail
locations.
Additional Information
Pursuant to an order issued by the Ontario Superior Court of
Justice (Commercial List) (the “Canadian Court”) on April 24, 2024,
the Company commenced proceedings under the Companies’ Creditors
Arrangement Act (the “CCAA”). Also on April 24, 2024, the Company
commenced proceedings pursuant to Chapter 15 of Title 11 of the
United States Bankruptcy Code before the United States Bankruptcy
Court for the Southern District of New York (the “U.S. Court”). On
May 3, 2024, the Company obtained an Order from the Canadian Court
approving the liquidation process and received approval from the
U.S. Court on May 8, 2024. On May 8, 2024, the U.S. Court entered
an order, among other things, recognizing the CCAA proceedings and
giving effect to the orders of the Canadian Court in the United
States.
Alvarez & Marsal Canada Inc. is acting as the CCAA Monitor.
Additional information regarding the Company's CCAA proceeding can
be found on the Monitor’s website at:
www.alvarezandmarsal.com/TBRetail.
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