Chlorophylle obtains Bankruptcy and Insolvency Act protection and works on the restructuring of its activities

CHICOUTIMI, QC, Dec. 7, 2015 /CNW Telbec/ - Chlorophylle filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act on December 1, 2015 in order to get protection against its creditors and to get supplementary tools to carry out its restructuring while focusing its energy on establishing a strategy to restructure the company. Chlorophylle is still in business, its corporate stores are open and the management will put emphasis on promotions for the coming holiday season.

A process will be launched in parallel to find investors or strategic partners interested in revitalizing this Québec 35 year old outerwear specialist. Interested parties are invited to express their interest to the Chief Restructuring Officer, Mr. Hugo Daoust at [email protected].

Chlorophylle would like to thank its employees and customers for their loyalty and support.  

SOURCE Chlorophylle

Chlorophylle - Hugo Daoust, Chief Restructuring Officer