Friday, May 8, 2020

Aldo Files for Bankruptcy Protection, Cites Deep Coronavirus Impact

Footwear News
The Aldo Group Inc. is the latest company to seek bankruptcy protection.

The Montreal-based retailer, founded in 1972, today announced that it has sought and obtained an initial order pursuant to the Companies’ Creditors Arrangement Act from the Superior Court of Québec. Aldo said it has “voluntarily” filed for “similar protection” in the United States — Chapter 15 bankruptcy — and is preparing to do the same in Switzerland. . . . more