BMO-Led Lenders Push for Ssense Liquidation Over Founder Buyout

A group of lenders to Canadian luxury fashion retailer Ssense are trying to block a deal that would allow its founders to buy the company out of bankruptcy, arguing that liquidation would let them recover more cash.

In court filings this week, the group, led by Bank of Montreal, said it seeks to stop a founder-led buyout of the company’s parent, Atallah Group, and instead wants a judge to authorize an orderly liquidation of the retailer’s assets.