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Montreal-based Tristan latest Canadian fashion retailer to seek creditor protection

A Tristan storefront on Ste-Catherine Street in Montreal shows in-store discounts. Tuesday, Aug. 8, 2020. Annabelle Olivier/Global News

Montreal-based retailer Boutique Tristan & Iseut Inc. is seeking creditor protection.

The company behind the Tristan fashion brand filed a notice of intention on July 21 to file a proposal under the Bankruptcy and Insolvency Act, according to documents posted online by trustee MNP Ltd.

MNP says the notice is often the first stage of a restructuring process, and protects companies from creditors until they can create a plan to reorganize.

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Tristan joins other Canadian retailers, such as Frank and Oak. Reitmans and Aldo Group, that have filed for some form of creditor protection in recent months.

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The company, founded in 1973, had long promoted that up to 30 per cent of its clothing was Canadian-made.

More recently, Tristan has been manufacturing face shields for use as protective equipment during the COVID-19 pandemic.

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