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Ssense is filing for bankruptcy protection after what it described as an attempt by lenders to force a sale of the company, the Montreal-based e-tailer told employees in a letter reviewed by The Business of Fashion.
Chief executive Rami Atallah on Thursday said Ssense’s creditors want to put it up for sale under the Companies’ Creditors Arrangement Act, a process similar to bankruptcy protection that allows corporations to restructure their finances.
Atallah went on to say that Ssense…
