Fashion Firm Ssense to Seek Protection After Creditor Clash (2)

Ssense, a Montreal-based retailer that sells designer fashion, is on the verge of filing for creditor protection in Canada after a conflict with its lenders.

A group of creditors led by Bank of Montreal forced the issue by filing a request under the Companies’ Creditors Arrangement Act — a Canadian bankruptcy law — seeking repayment from Ssense, according to people with knowledge of the matter, speaking on condition they not be identified to discuss private matters.

Other banks involved in Ssense include Royal Bank of Canada, JPMorgan Chase & Co., National Bank of Canada and Bank of ...