Chico’s Says Chico’s FAS Canada Filed for Bankruptcy

Chico’s FAS Canada, an immaterial subsidiary of Chico’s FAS, filed for bankruptcy with the Ontario, Canada office of the Superintendent in Bankruptcy.

• The bankruptcy proceedings will be conducted through the District Court of Ontario, Canada.
• This action will result in the permanent closure of four Chico’s and six White House Black Market boutiques in Ontario, Canada, which have remained closed since March 17, due to the COVID-19 pandemic.
• The permanent closure of the Canadian boutiques, which constitute all of the company’s Canadian boutiques, is part of its ongoing cost-savings measures taken to mitigate the impact of the COVID-19 pandemic and ...