SHARE

Ssense wins court extension to continue restructuring and seek new bids

Quebec’s Superior Court is allowing the retailer to keep restructuring and pause lender actions. The company owes over $200m and has secured C$40m in interim financing. Investment and refinancing bids, including from founders, are in play.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.