June 2, 2020
Sail Plein Air Inc./Sail Outdoors Inc., a Montreal, Quebec-based outdoor sports retailer, filed an NOI on June 2, listing approximately $133.9 million in liabilities, including $58.9 million to Wells Fargo, $4.9 million to Columbia Sportswear Canada, $1.0 million to Nike Canada, $1.1 million to Patagonia, and $1.8 million to The North Face. The company, which employs almost 1,800 people, cites recent upheavals in the retail industry and the COVID-19 pandemic for its financial difficulties. EY is the proposal trustee. Counsel is Dentons for the proposal trustee, Lavery for the company and Norton Rose Fulbright for Wells Fargo.