Overview

• The Montreal-based retailer sought protection under Canada’s CCAA after its primary lender initiated a separate court process to sell the company without its consent.
• Both the creditor-led sale application and management’s restructuring plan are before the court, with a decision expected within about a week.
• Ssense says operations will continue and salaries and benefits will be paid until further notice during the court-supervised process.
• The company attributes the immediate liquidity shock to recent U.S. trade-policy changes that raised landed costs for cross-border shipments, a key market for the business.
• Sales fell 28% year over year in the first half of 2025 and the company conducted multiple layoffs, including more than 100 roles in May, while the lender’s identity remains undisclosed.