Is COVID-19 a Knock-Out Blow for the Retail Industry?

The COVID-19 pandemic has resulted in several large retail operations seeking insolvency protection both under the Companies Creditors Arrangement Act (CCAA) in Canada and under its US equivalent, Chapter 11. In Canada, this list includes retail giants Aldo Group and Reitmans Group. In the United States, since the beginning of May, Hertz US, J.C. Penney, Neiman Marcus and Pier 1 Imports have all filed for protection.

Covid-19 | Quebec Resource Centre

Last update: March 21, 2020, 2:15 p.m. DISCLAIMER: Reference material reproduced for information purposes only. FL Fuller Landau and Pvisio are NOT providing an opinion on any of this referenced material. Gouvernement du Québec – Coronavirus disease (COVID-19) in Québec Ministère des Finances – Flexibility Measures for Individuals and Businesses