Reitmans says it is seeking court protection from its creditors under the Companies' Creditors Arrangement Act to allow a restructuring of the retailer.
The womensware company employs around 6,800 people and has 576 stores across the country The Montreal-based company says it will continue to operate during the restructuring Reitmans has filed for bankruptcy protection under the Companies' Creditors Arrangement Act MONTREAL – Reitmans (Canada) Ltd. says it is seeking court protection from its creditors under the Companies' Creditors Arrangement Act to allow a restructuring of the retailer. The company says the application will be heard by the Quebec…