DavidsTea Inc. may pursue formal restructure, hasn’t paid rent in three months
MONTREAL — DavidsTea Inc. says it may pursue a formal restructuring that partly depends on landlord negotiations as the company looks to close some of its unprofitable locations. “Our challenge is to execute on our strategy to restructure our North American retail footprint in order to decrease the ongoing losses caused by unprofitable stores,” said Herschel Segal, interim chief executive,...
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