May 20, 2022
Highline Apparel Inc., a Toronto, Ontario-based manufacturer and reseller of apparel such as t-shirts, long sleeve shirts, hoodies, zip-ups, leggings and sweatpants, filed an assignment in bankruptcy on May 20, listing approximately $765,000 in liabilities, including approximately $240,000 to Oratex Inc. The company ceased operations in 2018 due to, among other factors: (i) its inability to consistently generate enough revenue to cover overhead costs; (ii) its failure to operate at a profitable level before available capital ran out; (iii) increased costs that could not be passed on to customers; and (iv) issues encountered with suppliers in respect of production timing and quality control, which contributed to the loss of existing customers and the company’s inability to attract new clients. RSM is the bankruptcy trustee.
By Dina Milivojevic