- The Aldo Group Inc.,
- Southwest Capital Holdings Inc.,
- Aldo US Inc.,
- Aldo Marketing LLC,
- Aldo Shoes West Forty Second LLC,
- Aldo 5th Ave. Inc. and
- 1230 Avenue of the Americas LLC
(collectively “Aldo” or “Companies”) have applied for and obtained an order under the Companies’ Creditor Arrangement Act (“CCAA”), providing certain relief measures while the Companies carry out a restructuring process, and have applied for similar relief measures in the United States. Aldo intends to use the proceedings to stabilize the business and build on its knowledge and strength in retail fashion. Aldo is a world-leading creator and operator of desirable footwear and accessory brands. The organization operates under two signature brands, ALDO and Call It Spring, and a multi-brand retail concept, GLOBO. The ALDO Group is also an industry-recognized wholesale distributor and third-party sourcing provider of fashion footwear, handbags and accessories.
The Companies obtained an Initial Order under the CCAA on May 7, 2020. Pursuant to the CCAA Order granted by the Quebec Superior Court (Commercial Division), Ernst & Young Inc. was appointed Monitor of the Companies.
In addition, the Companies have asked and obtained relief under Chapter 11 of the United States Bankruptcy Code (U.S. Code, Chapter 11).
For information on the U.S. Chapter 11 proceedings, you can consult the U.S. claims agent’s website at http://dm.epiq11.com/aldo.
