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Ssense Founders Win Bid to Retain Ownership

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A Canadian court has accepted the Atallah family’s bid to retain ownership of Ssense, ensuring the luxury e-tailer will remain under the control of its founders when it emerges from bankruptcy protection, the company announced on Sunday.

The bid, by co-founders, Rami, Firas and Basel Atallah and a Canadian multi-family office, is expected to close by Feb. 13, pending court and regulatory approval, the company said.

“The day-to-day leadership remains unchanged with our existing executive…

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