May 24, 2022

The Queens County Citizen

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Aldo | Approved reconstruction plan

Aldo |  Approved reconstruction plan

Good news for Aldo. The North American creditors of the world-famous Quebec company for boots voted in favor of the restructuring plan after nearly two years under the protection of the Companies Lenders Arrangement Act (CCAA).

Posted yesterday at 5:15 p.m.

Nathaelle Morissette

Nathaelle Morissette

“After a complete restructuring process, announcing our imminent departure, we know that the Lenders Arrangement Act is the right way to strengthen the financial foundations of the ALDO Group and ensure its stability,” Aldo Group Chairman-General Manager announced. , David Bensdown, in a press release on Tuesday.

The company currently refuses to grant interviews to the media “because the legal process is still in progress”.

Group Aldo received asylum from its creditors in May 2020. The company had to leave its state-of-the-art headquarters – located in the Ro Emily-Belanger in Saint-Laurent borough – to move to a smaller location in Hodge a few months later. Street. There are about 849 people working there.

In aldo numbers

Number of stores in Quebec: 66

Number of stores in Canada: 217

Number of stores worldwide: 1509

Total Employees in Canada: 3188 (Headquarters and Stores)

Source: Aldo Group

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