Luxury retailer SSENSE Navigates Financial Turbulence wiht Creditor protection Plan
Montreal, QC – September 13, 2025 - Montreal-based luxury retailer SSENSE, once valued at a staggering $5 billion in 2021, is currently operating under the protection of Canada’s Arrangement Law with the Creditors of Companies (LACC). The move,revealed in a filing with the Superior Court on Friday,underscores the significant financial challenges facing the online fashion powerhouse,which has experienced declining sales since 2023.
SSENSE,known for its curated selection of high-end designer goods – including handbags retailing for $5,000 and dresses exceeding $10,000 – has already reported losses of $323 million over the past two years. The company is now proactively implementing a restructuring plan,supported by its creditors,to navigate these difficulties.
Creditor Demands and Restructuring Efforts
The situation escalated in late August when creditors filed a request with the Superior Court seeking permission to put SSENSE up for sale. SSENSE countered with its own application for creditor protection under LACC. Lenders are currently demanding $145 million from the company, with Investissement Québec holding a significant portion of that debt at $20 million.
Though, the restructuring plan submitted by SSENSE on Friday offers an option path. According to court documents, the plan aims to “restructure their activities and their operations, maintain the continuity of the exploitation and preserve jobs
