TORONTO — Bed Bath \u0026 Beyond Canada Ltd. was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday under the…
Bed Bath & Beyond Canada is insolvent and cannot restructure its operations without support from its American parent company, court documents posted to Alvarez & Marsal Canada Inc.’s website show.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
As of Nov. 26, Bed Bath & Beyond Canada’s assets were valued at around $480.1 million, the documents show, while its total liabilities were worth around $429.7 million. U.S. parent company Bed Bath & Beyond Inc. has shut scores of its stores across the country and warned last month that it may need to file for bankruptcy protection as it was unable to pay back its loans.
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