December 20, 2022

Filing Type:

Company Counsel: McMillan

Trustee: KSV

Trustee Counsel: Aird & Berlis

Applicant: BMO

Applicant Counsel: Davies

Industry:

Province:

Brant Instore Corporation, a Brampton, Ontario-based company providing a wide range of print solutions to North American retailers, was placed in receivership on December 20, on application by BMO, owed approximately $13 million. 139 people are employed with the company, including 97 unionized workers. Due to challenges faced by brick-and-mortar retailers in recent years, including the rise of e-commerce, and more recently the COVID-19 pandemic, the company has suffered declining sales and the loss of key customers, resulting in continued financial losses, which, since 2019, total approximately $16 million. KSV was appointed receiver. On the same day, a pre-pack sale of the company's assets, including all or substantially all of the company's employees, to 1000369798 Ontario Inc. was approved. Aird & Berlis is counsel to the receiver, Davies is counsel to BMO, McMillan is counsel to the company and Osler is counsel to the purchaser.

By Dina Milivojevic