Comark Inc.

Comark Inc., one of Canada's leading specialty apparel retailers, in its CCAA proceedings

Client

Comark Inc.

Value

$150 million

Service

Insolvency and Restructuring

Date Closed

Industry

Retail

Lead Office

Toronto


Osler represented Comark Inc. (“Comark”) in its CCAA proceedings. Comark is a leading Canadian specialty apparel retailer that operated over 350 stores across Canada under three major banners including, Bootlegger, Ricki’s and Cleo. Comark’s business and the vast majority of its stores were sold as a going concern in the CCAA proceedings at the conclusion of a robust sales process in a difficult retail environment.

Osler developed and implemented a novel transaction structure which enabled Comark to continue to receive supply from offshore suppliers on credit by working with an independent third party to provide guarantees to such suppliers. Without this structure, it is unlikely that Comark would have been able to continue as a going concern.

Osler’s team included Marc Wasserman, Michael De Lellis and Sandra Abitan (Insolvency & Restructuring), Sonja Pavic (Litigation), Mary Abbott (Corporate), Sven Poysa (Labour & Employment), Shuli Rodal (Competition/Antitrust) and Kevin Morley (Financial Services).

 


Team
Marc Wasserman - Corporate Restructuring Lawyer
Key Contact

Marc Wasserman

Partner, National Chair, Insolvency & Restructuring

Michael De Lellis - Insolvency Lawyer

Michael De Lellis

Partner, Insolvency & Restructuring

Sandra Abitan - Montréal Managing Partner

Sandra Abitan

Montréal Managing Partner

Sonja Pavic

Sonja Pavic

Associate, Litigation

Mary  Abbott

Mary Abbott

Partner, Corporate

Sven  Poysa

Sven Poysa

Partner, Employment & Labour

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment

Kevin J. Morley

Kevin J. Morley

Partner, Financial Services