All Aldo Group articles
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ArticleWarson to provide occupational footwear under Roxy, DC brands
Warson Brands signed a licensing agreement with Authentic Brands Group (ABG) to design, develop and distribute occupational footwear for men and women under the DC Shoes brand as well as women’s styles under the Roxy brand in the U.S., Canada and Europe, including the U.K. “We look forward to expanding ...
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News briefs
Aldo completes its restructuring
On July 14, Aldo Group exited from its restructuring process initiated in May 2020 when it filed for protection under Canada’s Companies’ Creditors Arrangement Act. “It is with great relief that we put this process behind us, and with excitement that we now look ahead. The work and restructuring we’ve ...
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ArticleAldo’s North American creditors approve its restructuring plan
Aldo Group said that its North American creditors have voted in favor of its restructuring plan, almost two years after the footwear and accessories company filed for protection under Canada’s Companies’ Creditors Arrangement Act. However, the outcome of the procedure remains conditional to the creditors’ agreement for the international division, ...
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News briefs
BIG buys Aldo U.K.
The U.K. arm of the Canadian footwear retailer Aldo Group has been acquired by Bushell Investment Group (BIG), which is based in Birmingham, England. BIG indicated that the acquisition, for which financial details were not released, will preserve 150 jobs and lead to the creation of an additional ...
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News briefs
Aldo UK enters administration
Canadian footwear retailer Aldo Group said its UK arm has been placed into administration, due to profitability problems and a collapse in retail spending amid the Covid-19 pandemic. Five of its UK stores have been permanently closed, while the eight remaining ones have been handed over to administrators who ...
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Article
Aldo Group files for bankruptcy protection to restructure
Montreal-based Aldo Group has filed for bankruptcy protection in Canada and in the U.S. as it prepares to restructure and stabilize its business after turnaround plans for its already loss-making business were derailed by the Covid-19 pandemic.
