TBS Acquireco Inc., The Bargain! Shop Holdings Inc., and TBS Stores Inc. (collectively “The Bargain! Shop”)
The proceedings outlined herein DO NOT relate to Red Apple Stores Inc.
Pursuant to an Order of the Court made on February 26, 2013 (the "Initial Order"), the companies listed below (the "CCAA Companies") were granted protection from their creditors pursuant to the Companies' Creditors Arrangement Act. The Initial Order appointed Ernst & Young Inc. as Monitor of the CCAA Companies.
TBS Acquireco Inc.
The Bargain! Shop Holdings Inc.
TBS Stores Inc.
Pursuant to the court order of Justice Brown dated July 9, 2013, the assets and continuing operations of the CCAA Companies including 165 Red Apple and The Bargain! Shop branded stores were sold to Red Apple Stores Inc. Red Apples Stores Inc in not a party to the CCAA proceeding or any other insolvency proceedings. Information related to the ongoing operations can be found on the Red Apple Stores Inc. website
On September 13, 2013, the companies listed below (the "Bankrupt Companies") each made a voluntary assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Act. Ernst & Young Inc. was appointed Trustee of these Bankrupt Companies.
627803 N.B. Inc. (formerly known as The Bargain! Shop Holdings Inc.)
639910 N.B. Inc. (formerly known as TBS Stores Inc.)
627551 N.B. Inc. (formerly known as TBS Acquireco Inc.)
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in connection with both the CCAA proceedings and Bankruptcy Proceedings.
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