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Ssense co-founders win bid for control over retailer

The co-founders of Canadian luxury platform Ssense have won their bid to retain control over the company. It has been confirmed that the parties have now entered into a definitive purchase agreement. In a press release, Ssense said it had been "notified by the court-appointed monitor that the bid submitted by its co-founders, Rami, Atallah, and...

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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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