LONDON,ON, July 10, 2020 /CNW/ –Scholar’s Choice, a division of Educator Supplies Limited, today announced a strategic restructuring to reduce its footprint in the brick-and-mortar retail space while growing its e-commerce and catalogue operationsservicing childcare centres, schools, teachers and parents across Canada.
As part of the restructuring, the company has filed for creditor protection through a Notice of Intention (“NOI”) to propose a reorganization plan to better structure the company for future success. Scholar’s Choice plans to close all but three of its brick-and-mortar retail locations toshift focus to its e-commerce and catalogue operations. The remaining three retail stores will act as regional sales and distributi…
Read the full article at: https://www.benzinga.com/pressreleases/20/07/n16588221/scholars-choice-announces-restructuring-plan