Insolvent Danier Leather Inc. generated interest from 33 companies last year about possibly acquiring the retailer or providing it with much-needed capital, but no formal offer emerged.
At the same time, the financial performance of the 84-store chain continued to decline and its internal financial forecasts were repeatedly revised downward, Brent Houlden, chief financial officer of Danier, said in a court document as part of the companys insolvency proceedings.
Toronto-based Danier, which received court protection from its creditors under the Bankruptcy and Insolvency Act last week, is now trying again to find a buyer. If its unsuccessful, it will have to liquidate …
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