Home / Knowledge / News / Apparel/Garments / Apparel retailer Cotton Ginny goes bust, again!
Apparel retailer Cotton Ginny goes bust, again!
19
Nov '09
Troubled Canadian retailer Cotton Ginny Inc, with over 120 stores, has filed for bankruptcy, less than one year after it emerged from creditor protection.

The latest bankruptcy filing, dated Nov. 2, lists the company's total liabilities at $22.5 million. No assets are listed.

Cotton Ginny is run by Tony Chahine, who also goes by the name Antoine Chahine Badr. The clothing firm again filed under the Companies' Creditors Arrangement Act, known as CCAA, in February 2008. Through the restructuring, which resulted in store closures and job cuts, the clothing maker began to focus on environmentally friendly clothing and plus sizes in a bid to turn its business around.A report by court-appointed monitor Mintz & Partners, dated Jan. 20, 2009, noted that "the company has not complied with all of its obligations set out" in amendments to the restructuring plan.

Cotton Ginny closed a handful of stores in February 2009, including its flagship store at the Yorkdale Shopping Centre after a difficult Christmas season.

The most recent bankruptcy filing was made in Mississauga, where it is headquartered.

Antoine Chahine Badr is listed as the administrator for one of the numbered companies.

Cotton Ginny also owes more than $1 million each to the Canada Revenue Agency and the Ministry of Revenue, according to the court filing.

Cotton Ginny founded in 1979, is retailer of casual, comfortable clothing and related lifestyle products that are affordable and stylish for women of all sizes.

Cotton Ginny Inc


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Rwanda to pay tax of exporters affected by AGOA suspension

Apparel/Garments | On 18th Jun 2018

Rwanda to pay tax of exporters affected by AGOA suspension

Rwanda will take over the tax obligations of its apparel exporters to ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search