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Article: Store Closing Sales Commence at 92 Buck or Two and Great-88 Stores; Liquidation Sales Start Today.
- Article from:
- PR Newswire
- Article date:
- August 25, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, Aug. 25 /PRNewswire/ -- Store Closing Sales began today in 92 of Denninghouse, Inc.'s company-owned Buck or Two and Great 88 stores across Canada.
Denninghouse sought protection pursuant to the Companies' Creditors Arrangement Act ("CCAA") on August 16, 2004. RSM Richter Inc. is the court- appointed CCAA Monitor.
The closing of the corporate locations is a key first step in the restructuring of the business and operations of Denninghouse. Denninghouse has previously advised that this step was required in order to allow its restructuring to focus on preserving the value of its franchise business.
Denninghouse has engaged The Ozer ...