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XS Cargo is a Canadian discount store that operates as a wholesale warehouse retailer. As the name states (XS being "Excess"), the stores mark down prices to offer deals. The stores offer a bit of everything, from furniture, to electronics, to houseware and kitchenware. A good number of their products are remanufactured.
The company is 51% owned by XS Cargo Income Fund.
On July 31st, 2014, XS Cargo Limited Partnership and XS Cargo GP Inc. (collectively, “XS Cargo”) each filed a Notice of Intention to Make a Proposal (collectively, the “NOIs”) pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (“BIA”) and PricewaterhouseCoopers Inc. (“PwC”) was named as trustee under the NOIs (the “Trustee”).
The company announced on September 26th, 2014 that all 50 stores will be liquidating and closing at some point in the near future.
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