Here’s a look at the history of Sears Canada: 1952 — Simpsons-Sears is founded as a national mail-order business, as part of a partnership between the Robert Simpson Company of Toronto and Sears Roebuck Co. of Chicago. September 1953 — Simpsons-Sears opens its first store in Stratford, Ont. 1973 — The company opens its first […]
Continue readingWhat is liquidation? Liquidation (or “winding up”) is the process by which a company’s existence is brought to an end. First, a liquidator is appointed, either by the shareholders or the court. The liquidator represents the interests of all creditors. The liquidator supervises the liquidation, which involves collecting and realizing the company’s assets (turning them […]
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