Ted Baker Canada seeking creditor protection amid ‘significant’ liquidity challenges ...Middle East

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Ted Baker Canada seeking creditor protection amid ‘significant’ liquidity challenges
TORONTO – The owners of Ted Baker’s Canadian operations have filed for court protection from creditors in a bid to help the retailer get enough “breathing room” to decide whether to liquidate and wind down the business or pursue other unspecified alternatives. In court filings Wednesday, lawyers for the ownership group – OSL Fashion Canada Inc. and OSL Fashion Services Inc. – say the clothing brand is facing “significant” liquidity challenges and has been “unsuccessful” in reducing costs, improving sales and reaching positive cash flow in Canada. OSL Fashion Canada and OSL Fashion Services bought an equity interest in Ted Baker’s Canadian and U.S. operations in March 2023 from Authen

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