What went wrong at SSENSE?
At the end of August, it was revealed that Ssense was preparing to file for bankruptcy protection after a creditor moved to sell the company without its consent, triggering what the firm described as an “immediate liquidity crisis. By September, the company was granted a reprieve—the Superior Court of Quebec ruled . A group of lenders to Canadian luxury fashion retailer Ssense are trying to block a deal that would allow its founders to buy the company out of bankruptcy, arguing that liquidation would let them recover more cash.The company was grappling with $371 million in debt, with many emerging and independent designers owed money. The latest announcement is good news for Ssense — and for the industry.
Who owns SSENSE company?
The company announced on Sunday that the Atallah family will remain owners of the Montreal-based luxury e-tailer, in partnership with a Canadian multi-family office, in a transaction pending regulatory approval. SSENSE (pronounced: essence) is a Canadian multi-brand retailer headquartered in Montreal, Canada specializing in the sale of designer fashion and high end streetwear. It was founded as an e-commerce platform in 2003 by three brothers: Rami, Bassel and Firas Atallah.Rami Atallah is co-founder and chief executive of Montreal-based fashion platform Ssense.
Can you get your money back from SSENSE?
Once the returned merchandise has been quality checked and approved, SSENSE will issue a refund to the original method of payment and a confirmation e-mail will be sent to you. Product Authenticity To guarantee authenticity, the SSENSE inventory is directly supplied by the brands and designers in its collection. For added assurance, every order that we ship undergoes a thorough quality check.SSense is a legitimate company accredited by the Better Business Bureau (BBB) that’s been offering high end luxury products since 2003. They have ratings of 4. Trustpilot and 3. Sitejabber which suggests that customers are happy with their purchases overall.Product Authenticity For added assurance, every order that SSENSE ships undergoes a thorough quality check. Certain items may also include the designer’s own proof of authenticity, such as an authenticity card, a dust bag, packaging, etc.