RIP of the day
RIP of the day
Out of context: Reply #2238
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https://www.businessoffashion.co…
"Ssense is filing for bankruptcy protection after what it described as an attempt by lenders to force a sale of the company, the Montreal-based e-tailer told employees in a letter reviewed by The Business of Fashion."
"Atallah attributed Ssense’s bankruptcy to the Trump administration’s trade policies, which have imposed 25 percent tariffs on goods imported from Canada. The closure of the “de minimus” exemption, which allowed packages worth less than $800 to enter the US duty free, came as a “surprise” to Ssense and directly contributed to its CCAA application. The change to de minimis is scheduled to go into effect on Friday."