Reitmans is a Canadian owned retail company if you are looking to buy clothing. I will continue to shop at RW&CO.
Reitmans- Canadian women's clothes!
Reitmans (RET) files for bankruptcy - What happens to shares?
I don't know this one specifically but I did go through this with Nortel. There's a priority for different classes of debt from a bankrupt company, common shares tend to be lowest. If it gets dissolved, assets get sold and then debtors are paid in order of priority. Claims cover bondholders, pensions, employee severance, etc. If there was any money left common shareholders would get it. With Nortel there wasn't, bondholders and pensions wiped out all of the money from asset sales.
More on reddit.comChapter 11 - Reitmans Take Two
Lol one of the ladies on the reitmans team who was a suits and meghan fan therefore looking forward to working with her said: “I thought she was abit of a bully filled with a narcissistic entitlement complex that had everyone walking on eggshells”
More on reddit.comIf you aren't already on this, Reitmans is a long time Canadian company. Great service and plenty of nice clothes. Online and bricks n mortar too.