June 22, 2017 / 12:44 PM / a month ago

BRIEF-Sears Canada seeks creditor protection

1 Min Read

June 22 (Reuters) - Sears Canada Inc

* Sears Canada seeks creditor protection to pursue restructuring plan

* Sears Canada - Certain of its subsidiaries have applied to Ontario Superior Court of Justice for Protection under Companies' Creditors Arrangement Act

* Says ‍hopes to exit CCAA protection as soon as possible in 2017​

* Sears Canada Inc - "Continued liquidity pressures facing company as well as legacy components of its business are preventing it from making further progress" Source text for Eikon: Further company coverage:

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