Tajuk : Sears Canada says it’s running out of cash and reveals ‘significant doubt’ it can stay in business
link : Sears Canada says it’s running out of cash and reveals ‘significant doubt’ it can stay in business
Sears Canada says it’s running out of cash and reveals ‘significant doubt’ it can stay in business
Getty Images
Sears Canada is in trouble.
Sears Canada said Tuesday it has “significant doubt” about its ability to stay in business, and is looking at a possible restructuring or sale.
The company said its forecasted cash flows from operations will not be enough to cover its obligations coming due over the next year.
Sears Canada had expected to be able to borrow up to $175 million to pay off its debts, but has only been able to negotiate an amount of up to $109 million.
“Accordingly, such conditions raise significant doubt as to the company’s ability to continue as a going concern,” the company said.
“Going concern” refers to a company’s ability to stay in business.
The retailer said it has hired BMO Capital Markets as its financial adviser and Osler, Hoskin & Harcourt LLP as its legal adviser as it struggles to meet its financial obligations.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2s687ig
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Thus Article Sears Canada says it’s running out of cash and reveals ‘significant doubt’ it can stay in business
Anda sedang baca artikel Sears Canada says it’s running out of cash and reveals ‘significant doubt’ it can stay in business dengan alamat pautan https://malaysiaonrecord.blogspot.com/2017/06/sears-canada-says-its-running-out-of.html
Related Posts :
Jangan Ambil Mudah Dengan Gigitan Pepijat…Bagaimana Anda Boleh Hapuskan Terus Serangan Pepijat Daripada Rumah Anda..Sila Share Untuk Manfaat Bersama- Pesawat Indonesia, Susi Air ditembak di Papua
- Lelaki mabuk maut dibaham anjing liar kerana tak bawa makanan
- Tiga dah kena cekup, polis buru 3 lagi pembantu rumah dan suspek terlibat curi duit Datuk Aliff Syukri
- Membazir dan kotor! Makanan disumbangkan NGO kepada gelandangan bertaburan merata tempat, sampah bersepah di Dataran Masjid Negara jijikkan pandangan
0 Response to "Sears Canada says it’s running out of cash and reveals ‘significant doubt’ it can stay in business"
Catat Ulasan