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Ssense founders reportedly join sales process, second round of job cuts initiated

A new report has suggested that the co-founders of Ssense have stepped in with a bid to potentially purchase the embattled e-tailer. According to an internal announcement seen via video and reported on by Business of Fashion (BoF), brothers Rami, Firas and Bassel Atallah have entered the sales process for the company they jointly launched back...

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Business

Ssense seeks bankruptcy protection to block creditor-led sale

Canadian e-commerce platform Ssense has filed for bankruptcy protection. The company is said to be submitting an application under Canada’s Companies’ Creditors Arrangement Act (CCAA), SSense confirmed in a statement to FashionUnited on Friday. The CCAA is a federal law comparable to bankruptcy protection that allows corporations to restructure...

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