December 05, 2016 8:11 AM ET

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Company Overview of Sherson Group Inc.

Company Overview

Sherson Group Inc. is engaged in importing, wholesaling, and retailing footware and accessories for women. It owns and operates retail stores in Canada. Sherson Group Inc. was formerly known as Sherson Marketing Corp. and changed its name to Sherson Group Inc. in 2006. The company was founded in 1984 and is based in Toronto, Canada. As of August 21, 2015, Sherson Group Inc. operates as a subsidiary of Nine West Holdings, Inc.

1446 Don Mills Road

Suite 100

Toronto, ON M3B 3N6

Canada

Founded in 1984

Phone:

416-449-9550

Fax:

416-449-9555

Key Executives for Sherson Group Inc.

Chairman and Chief Executive Officer
Vice President of Finance
Vice President of Human Resources
Vice President of Retail Merchandising
Compensation as of Fiscal Year 2016.

Sherson Group Inc. Key Developments

Sherson Group Asks Court For More Time To Sell Itself

Sherson Group Inc. will ask a judge next week for more time to stave off creditors as it works on a plan to sell itself to its U.S. supplier. Sherson is asking the court to extend its creditor protection until October 4, 2015, which it says would provide enough time to draw up a proposal to the other creditors owed money. An Ontario Superior Court judge will consider the motion on August 20, 2015. "The only chance to save the business as a going concern is therefore to sell to Nine West Group," Sherson Group said in the court filing. In an affidavit, CEO Stephen Applebaum said Sherson Group was affected by the sudden drop in the value of the Canadian dollar and a "failed pricing and volume purchasing strategy'' that was put in place by Nine West Group Inc.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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