Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMAF | V.RET.A | RTMNF

Consumer Cyclical

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.

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Reitmans Ord Shs > THE FATE OF REITMANS IS HANGING ON THE 20 LARGEST CREDITORS

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Comment by savyinvestor333on Dec 18, 2021 7:38pm

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RE:THE FATE OF REITMANS IS HANGING ON THE 20 LARGEST CREDITORS

And your point is? They will all make up for the shortfall on the outstanding debts by continuing to do future business with Reitmans. It they try to defeat the motion they risk having no future income from a big customer. These suppliers will already have figured out how long it will take them to recoup the shortfall from accepting this proposal and are ok with that. They just want to move on.

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