CANADA: Bankrupt Dylex Close To Fairweather Sale
Bankrupt Dylex Ltd is hoping to sell its Fairweather clothing line within a month, although it will sell for a lot less than the C$20-25m offer made by a management led group earlier this summer. The Toronto Globe and Mail reported that the company's interim receiver, Peter Farkas of Richter & Partners Inc, said there had been several expressions of interest in the 71-store Fairweather chain, while Ken Page, a lawyer for the National Apparel Bureau, said he knows of three "serious" potential buyers for Fairweather.
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