July 22, 2020

Filing Type:

Company Counsel: Fishman Flanz Meland Paquin

Trustee: MNP



Bô Bébé, a Montreal, Quebec-based retailer of baby products, filed an NOI on July 22, listing approximately $7.2 million in liabilities, including $1.4 million to Kidiway Inc. ("Kidiway"), a related company, and $1.0 million to Investissement Québec. Like many retailers, the company struggled due to the COVID-19 pandemic, and after the two-month government closures of retail establishments, it decided not to reopen certain of its brick-and-mortar stores. Increased indebtedness due to these store closures, decreased sales due to competition, and the financial difficulties of Kidiway resulted in significant increased pressure from its lender, National Bank of Canada, leading the company to file the NOI. With a refocused business in one retail location and one online store, the company expects to imminently be in a position to make a proposal to its creditors and continue its business as a going concern. Currently, a company (the "Purchaser") intends to purchase substantially all of Kidiway’s assets. MNP is the proposal trustee. Counsel is Fishman Flanz Meland Paquin for the company, Morency Société d'Avocats for National Bank of Canada, and Kugler Kandestin for the Purchaser.