Canadian Fashion Retailer Ssense Files for Bankruptcy After U.S. Tariff Hike Hits Hard
Canadian fashion retailer Ssense has filed for bankruptcy protection, blaming soaring tariffs tied to the escalating global trade war. The Montreal-based company submitted its application on Thursday, August 28, under Canada’s Companies’ Creditors Arrangement Act (CCAA), which is similar to Chapter 11 bankruptcy in the United States. The CCAA allows businesses owing more than $5…