S. Cohen

S. Cohen, a St. Laurent, Quebec-based retailer of men's tailored clothing and outerwear which has been operating for almost 100 years, filed an NOI on July 30, listing approximately $5.1 million in liabilities, including $2.1 million to TD. Prior to COVID-19, the company was already facing a significant decline in sales and reduced traffic in its brick-and-mortar store locations. The COVID-19 pandemic resulted in further decreases in sales volume. Since men's suits depend heavily on fit, customers usually require in-store and physical access to the product. Furthermore, the general spending habits of consumers have changed, with less spending going towards business attire. As part of its restructuring, the company will be selling its business and assets. PwC is the proposal trustee. Kugler Kandestin is counsel to the company.