Sears Canada to seek court approval to extend bankruptcy protection and close more stores.

Written by Meeshika Sharma

Published on : October 2, 2017 10:06




If gets approval from the court, Sears Canada is planning another round of closures involving a total of 11 stores, including major locations in Toronto, Winnipeg and Montreal.

The Toronto-based company will also seek an extension of the court’s protection from creditors until Nov. 7.

Sears Canada says it wants more time to work on a potential purchase of the company by a group led by Sears Canada’s executive chairman Brandon Stranzl.