SSENSE Founders Stage High Stakes Buyback Amid CCAA Turmoil
SSENSE Founders Stage High Stakes Buyback Amid CCAA Turmoil
SSENSE’s founders are set to retake control of the business through a court‑supervised process, in a move that could mark a new chapter for the troubled
What to watch as SSENSE moves through restructuring
SSENSE’s founders are set to retake control of the business through a court‑supervised process, in a move that could mark a new chapter for the troubled luxury e-commerce pioneer in Canada.
Founder‑led bid wins in CCAA process SSENSE announced from Montréal on January 11, 2026, that a bid submitted by co-founders Rami Atallah, Bassel Atallah, and Firas Atallah , together with a strategic partner described as a leading Canadian multi-family office, has been selected as the successful offer in a Court-supervised
Sale and Investment Solicitation Process (SISP) under the Companies' Creditors Arrangement Act (CCAA). The parties have signed a definitive purchase agreement, setting the terms for the founder group and its financial backer to acquire the business and steer it out of restructuring.
The SISP selection follows a period of formal creditor protection, during which potential investors and buyers were invited to submit proposals for SSENSE’s assets and operations.
What happens next in the deal timeline Closing is still subject to standard closing conditions, including approval from the Court and any other required regulatory bodies overseeing the CCAA process.
Assuming all approvals arrive on schedule and all conditions are met, SSENSE expects the transaction to close no later than February 13, 2026 , providing a clear near-term timeline for ownership transition…
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