November 28, 2018
C & E Canada, the Canadian operating entity of the Crabtree & Evelyn group of companies, an international retailer of body, fragrance and home care products with a global network of stores, filed an NOI on November 28, listing $15.2MM in liabilities, including $3.1MM to Crabtree & Evelyn US. The company, which operates 19 retail stores in Quebec, Ontario, British Columbia and Alberta, has been experiencing significant losses over the last several years, which it attributes to changing consumer demand for new product items; the rise of e-commerce; and long-term declines in traditional retail traffic and productivity. After conducting an analysis of store performances, the company has determined that it would be in the best interest of all its stakeholders to proceed with an orderly liquidation of its inventory and other assets. Gordon Brothers will be leading the liquidation efforts. Richter is the proposal trustee. Osler is counsel to the company.