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Article Date: March 2019
Word Count: 151

Gildan Takes $19-23 Million Hit on Heritage Liquidation


After efforts to sell a large screen printing distributor as a going concern failed, a court-appointed liquidator decided to wind down Heritage operations to pay off its secured creditors. Although GIL had a consignment agreement with Heritage based on court filing in the case, it is evidently is not expecting to recover all of its receivable. Cadence Bank, the lead lender, filed suit against Heritage citing numerous events of default dating back as far as ... Log in to view full article.

 


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