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

Written by:  Meeshika Sharma   |    |  October 02nd 2017 11:06 PM   |  Updated: October 02nd 2017 11:06 PM
Sears Canada to seek court approval to extend bankruptcy protection and close more stores.

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

Written by:  Meeshika Sharma
Last Updated: October 02nd 2017 11:06 PM
Share us

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.

Share us
PTC Punjabi Canada
© 2025 PTC Network. All Rights Reserved. Powered by PTC Network