Ssense founders can buy back company, court rules

Atallah brothers’ $78-million buyback bid moves forward despite several creditors’ objections.Montréal luxury e-commerce platform Ssense will return to the hands of its founders after an unsuccessful attempt by its lenders to block a deal. The bid includes plans for the business’ continued operation, a cash payment of $58.5 million, and assuming some liabilities. In a ruling on Feb. 4, a Superior Court of Québec judge dismissed a request from Ssense’s main lenders to force an asset sale of the embattled co ...