Tall Girl Shop
Tall Girl Shop operated a specialty retail clothing chain serving the needs of tall women with 14 stores in Canada and 17 stores in the US.
Tall Girl had identified a strategic purchaser from the UK that was interested in acquiring its assets as a means of expanding into North America.
Farber acted as Proposal Trustee and ran a Court-authorized sales process, which resulted in a favourable deal being struck with the UK-based purchaser for the Canadian operations, IP, and online assets. Key retail locations were maintained and others disclaimed. Jobs were preserved for approximately 100 Canadian employees.
Farber maximized the value of US assets by way of a Court-authorized liquidation of the US inventory and fixtures, which necessitated recognition of the Canadian proceedings under Chapter 15 of the US Bankruptcy Code.