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Ssense Receives Court Approval to Extend its Restructuring Process

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Ssense on Friday was granted a stay order by the Superior Court of Quebec until Feb. 19, giving the Canadian e-tailer more time to restructure its business and stave off legal action from lenders and suppliers in the process.

This marks the latest in a series of extensions since Sep. 12, when Ssense received its original stay order after filing for Canada’s equivalency for bankruptcy protection. The company’s original filing followed Ssense’s creditors filing to force a sale and recoup…

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