Fletcher Leisure Group Ltd, a Montreal manufacturer and distributor of golf and
ski apparel, including the SunIce brand, filed a petition in New York on October 22, 2013, for Chapter 15 (used for cross boarder insolvencies) protection immediately after the Superior Court in Quebec appointed a receiver at the request of secured lender Salus Capital Partners. Salus is owed C$11.6 million.
Please see Bloomberg for more details.
Posted by Scott Sinclair, Range Advisors
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