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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
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TORONTO — 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.
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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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240510718485/en/
Contacts
C Street Advisory Group
TedBaker@thecstreet.com
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