February 24, 2018 10:19 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Danier Leather Inc.

Company Overview

Danier Leather Inc. designs, manufactures, and retails fashion leather and suede apparel and accessories for women and men in Canada. The company provides outerwear and sportswear products, including jackets, vests, leggings, pants, shorts, dresses, skirts, blazers, and coats, as well as provides applicator clothes, and leather cleaning wipes and rejuvenators. It also offers leather accessories, such as handbags, wallets, gloves, scarves, belts, briefcases, laptop cases, and other travel and business accessories under the Danier brand. As of June 27, 2015, it operated 86 retail locations, including 57 shopping mall stores, 1 street-front store, and 28 outlet stores under the Danier brand, as...

2650 St. Clair Avenue West

Toronto, ON M6N 1M2

Canada

Founded in 1972

1,191 Employees

Phone:

416-762-8175

Key Executives for Danier Leather Inc.

Chief Executive Officer and President
Age: 59
Interim Chief Financial Officer, Chief Privacy & Compliance Officer and Secretary
Vice President of Logistics and Distribution
Vice-President of Merchandising
Style Director
Compensation as of Fiscal Year 2017.

Danier Leather Inc. Key Developments

Danier Leather Inc. Announces Resignation of Directors

Danier Leather Inc. announced that, with the authorization and approval of its board of directors, on March 21, 2016 the Company voluntarily made an assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). The Company also announced that all of the directors of Danier have resigned with effect immediately upon the assignment in bankruptcy.

Update On Sale Of Danier Leather

Danier Leather Inc. (OTCPK:DLTO.F) announced that with the authorization and approval of its Board of Directors, Danier Leather voluntarily made an assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) ("BIA"). Danier Leather also announced that all of the directors of Danier have resigned with effect immediately upon the assignment in bankruptcy. KSV Kofman Inc. has been appointed as the trustee in connection with the bankruptcy proceedings. Danier has also obtained an order of the Ontario Superior Court of Justice appointing KSV Kofman Inc. as receiver over all of its property, assets and undertaking. The receivership will run concurrently with the bankruptcy and is intended to, among other things, facilitate an orderly wind-down of the Company. In connection with the proposal proceedings, Danier Leather conducted a sale and investor solicitation process, which process has since been completed. The Trustee acted as the proposal trustee under the NOI proceedings.

Danier Leather Start to Closes All Stores in Canada

Closing sales started on March 9, 2016 at 76 remaining Danier Leather stores and outlets in Canada. The company entered insolvency proceedings last month as it attempted to find a buyer. The liquidators said in addition to current inventory, the stores are receiving new shipments from warehouses. The store fixtures, furniture and equipment are also for sale.

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