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flag Ontario court approves $12.8M sale of Comark's apparel brands Ricki's and Cleo to Putman Investments.

flag An Ontario court approved Comark Holdings Inc.'s sale of its struggling apparel brands Ricki's and Cleo to Putman Investments Inc. for $12.8 million. flag Putman, which owns Toys "R" Us Canada and HMV, will take over inventory, intellectual property, and some leases, and most employees will have job offers. flag The sale follows Comark's creditor protection filing, due to challenges from the pandemic, ransomware attacks, competition, and supply chain issues. flag The court also approved a sales process for Comark's Bootlegger brand, with interest from Warehouse One.

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