Sears Canada secures court approval for liquidation
13/10/2017 16:54
TORONTO, Oct 13 (Reuters) - Sears Canada on Friday won court
approval to begin liquidating all its remaining assets starting
Oct. 19, putting the retail chain on a path to closure following
65 years of operations and leaving its 12,000 employees without
jobs.
The approval was granted by Ontario Superior Court of
Justice, which also extended creditor protection for Sears
Canada to Jan. 22. urn:newsml:reuters.com:*:nL4N1ML4RA
(Reporting by Nichola Saminather, editing by G Crosse)
((Nichola.Saminather@thomsonreuters.com; +1-416-687-7604))
Keywords: SEARS CANADA BANKRUPTCY/