Joseph Richard Hospitality Group Ltd. et al., CCAA

Joseph Richard Hospitality Group Ltd. et al. (collectively, the “Joseph Richard Group”), which operate a series of restaurants, pubs, liquor stores, events and hospitality businesses and wineries in British Columbia’s Lower Mainland, obtained CCAA protection on July 17, 2023. While the Joseph Richard Group’s financial difficulties were driven by a number of factors, the CCAA filing was largely driven by the impact of COVID-19 on their hospitality businesses over the past three and a half years. The impact of COVID-19 on the hospitality sector, including government-mandated shutdowns and decreased operating capacity, coupled with the debt taken on to support the hospitality businesses over that time and interest rates, among other factors, have all contributed to a debt load that the businesses cannot sustain. EY was appointed Monitor. Counsel is Farris for the company, Bennett Jones for the monitor and Lawson Lundell for BMO.

By: Dina Milivojevic