Tuesday, December 19, 2017

Spareparts receivership leaves workers, gift card holders hanging

KPMG on Nov. 21 recommended the court approve a so-called “stalking-horse bid,” which it said would keep around 80 workers in their jobs. The court approved the potential sale, but Spareparts entered receivership on Dec. 12. In Canada, receivership is a process whereby a secured lender appoints a ...
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