Canadian luxury e-tailer Ssense has secured creditor protection under Canada’s Companies’ Creditors Arrangement Act, allowing continued operations while restructuring. The Montreal-based company secured $40 million interim financing — $15 million from banks and $25 million from the founding family — to maintain operations. Despite $1.3 billion in 2024 revenue, Ssense carries $371 million debt. The company blames U.S. tariffs, high interest rates, unsold inventory, and slowing spending for its struggles. Operations continue under court supervision while pursuing investment or potential sale.