November 26, 2019
Bentley Leathers, a Montreal, Quebec-based retailer of luggage, handbags and travel accessories, filed an NOI on November 26. Attributing its financial difficulties to changing consumer behavior and the impact of digital disruptions, the company plans to close 100 of its 250 stores across Canada through the proposal proceedings. KPMG is the proposal trustee. Hilco has been retained to liquidate the closing stores. Counsel is Davies for the company, McCarthy Tétrault for the proposal trustee, Osler for Hilco and Miller Thomson for CIBC, the company's senior lender owed approximately $18.0 million.