Reitmans broadcasts new on-line market after rising from creditor safety

Share

MONTREAL — Contemporary off the heels of creditor safety, Reitmans (Canada) Ltd. has introduced plans to launch an internet market for ladies’s clothes.

MONTREAL — Contemporary off the heels of creditor safety, Reitmans (Canada) Ltd. has introduced plans to launch an internet market for ladies’s clothes. 

The Montreal-based firm says RCL Market will likely be out there on-line this fall and have its three manufacturers, Reitmans, Penningtons and RW&CO. 

Reitmans says {the marketplace} may also supply “hand-picked high quality worth merchandise provided by accomplice manufacturers” and is inviting distributors to use to promote clothes on its new web site. 

Jackie Tardif, president of the Reitmans model, says the corporate’s e-commerce enterprise has grown exponentially in recent times and RCL Market will additional remodel the best way its prospects store on-line.

Reitmans mentioned earlier this month it had paid $95 million and exited creditor safety after almost two years. 

The corporate mentioned it paid court-appointed monitor Ernst & Younger Inc. to distribute funds to collectors based on the plan of association.

Reitmans filed for creditor safety and obtained an preliminary order below the Firms’ Collectors Association Act in Might 2020.

The ladies’s clothes retailer operates 412 shops consisting of 241 Reitmans, 93 Penningtons and 78 RW&CO areas.

This report by The Canadian Press was first printed Jan. 26, 2022.

The Canadian Press

Read Also:  MELANnaire Market opens new vacation market in downtown Louisville | Information