Comark Holdings Inc.
On June 3, 2020, Comark Holdings Inc., Bootlegger Clothing Inc., cleo fashions Inc. and Ricki’s Fashions Inc. (collectively, “Comark”) were granted an initial order (the “Initial Order”) to commence proceedings (the “CCAA Proceedings”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor” or “A&M”) in the CCAA Proceedings.
The Initial Order granted a stay of proceedings until June 13, 2020 (the “Stay Period”) and provided that during the Stay Period, no proceedings may be commenced against or in respect of Comark.