BOUTIQUE JACOB TO RESTRUCTURE UNDER THE COMPANIES' CREDITORS ARRANGEMENT ACT

MONTREAL, Nov. 18 /CNW Telbec/ - Boutique Jacob Inc. today announced that it applied to the Quebec Superior Court (the "Court") for protection under the Companies' Creditors Arrangement Act ("CCAA").

"The purpose of the application is to allow us to restructure our activities in an orderly fashion in the best long-term interests of the company, its employees, suppliers, creditors, customers and other partners," said Joey Basmaji, President of JACOB. "In the immediate future, JACOB will continue operating normally, and all of our stores across the country will remain open. Our customers will continue to find the same quality of products they are accustomed to, and all of our customer service programs will be maintained," he said.

PricewaterhouseCoopers Inc. ("PWC") is the Court-appointed monitor that will oversee the proceeding under the CCAA. PWC will periodically post the applications to the Court as well as the orders issued by the Court on its website.

JACOB: a lifestyle
Recognized as a leader in the Canadian women's apparel market for the past 30 years, JACOB is committed to creating smart fashion that highlights the individual beauty of every woman. JACOB offers quality clothing, lingerie, accessories and beauty products at affordable prices under the JACOB, JACOB Lingerie, JACOB Outlet, JOSEF and DANZ banners. By pairing trendier pieces with reinvented classics, JACOB enables the professional woman to put together a wardrobe tailored to her multi-faceted lifestyle. Based in Montreal, this family-run company has more than 150 stores and nearly 2,000 employees across Canada.

For further information:

Cristelle Basmaji
JACOB
514-731-8731 ext. 2484

Fact sheet
Media access:	ftp://ftp.national.ca/medias/Jacob/ Username: presse Password: media