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Luxury Retailer Ssense Files for Bankruptcy Amid Economic Struggles

8/30/2025

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Summary

Story summary

Ssense, a Canadian luxury retailer, filed for bankruptcy protection on August 28, 2025, under the Companies’ Creditors Arrangement Act (CCAA).
CEO Rami Atallah identified a 35% tariff and the end of the de minimis exemption as significant challenges.
The company intends to file its own CCAA application for operational restructuring.
Recent layoffs and economic difficulties have exacerbated the retailer's challenges.

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Story summary

Ssense, a Canadian luxury retailer, filed for bankruptcy protection on August 28, 2025, under the Companies’ Creditors Arrangement Act (CCAA).
CEO Rami Atallah identified a 35% tariff and the end of the de minimis exemption as significant challenges.
The company intends to file its own CCAA application for operational restructuring.
Recent layoffs and economic difficulties have exacerbated the retailer's challenges.