Dylex files for creditor protection
Article Abstract:
Canadian retail giant Dylex Ltd filed for creditor protection on Jan 11, 1995. The firm plans to restructure its $165 million debt, layoff 1,800 workers and close 25% of its stores. Its financial problems stemmed from several bad acquisitions made in the 1980s.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Retail industry, Retail trade, Dylex Ltd.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
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Comment about this article or add new information about this topic:
Real estate firm in liquidation
Article Abstract:
Bramalea Inc filed for bankruptcy protection on Mar 1, 1995, and recently won a ruling by an Ontario bankruptcy judge that allows the firm to continue operating until May 31, 1995. However, 44 of Bramalea's worst performing assets may be seized by creditors.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Real estate industry, Bramalea Ltd.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: Canada, Cases, Finance, Bankruptcy
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