SSENSE Co-Founders Secure Winning Bid in Court-Supervised Sale

SSENSE, a prominent global technology platform, has announced that its co-founders, Rami Atallah, Bassel Atallah, and Firas Atallah, have successfully secured their bid in a court-supervised Sale and Investment Solicitation Process (SISP). This process was conducted under the Companies’ Creditors Arrangement Act (CCAA), marking a significant milestone for the company during its restructuring efforts.

The announcement, made on January 11, 2026, follows notification from the Court-appointed Monitor indicating that the Atallah brothers, in collaboration with a leading Canadian multi-family office as their strategic partner, submitted the winning bid. They have now entered into a definitive purchase agreement, which is a crucial step forward in the ongoing proceedings.

The closing of this transaction is contingent upon fulfilling customary closing conditions, which include obtaining necessary approvals from the court and other regulatory bodies. If all conditions are met, SSENSE anticipates that the transaction will close by February 13, 2026. This timeline is critical as it will allow the company to proceed with the remaining steps of the CCAA process.

Established in Montreal, SSENSE operates at the intersection of culture, community, and commerce. The platform features a diverse range of luxury brands across various categories, including womenswear, menswear, kidswear, and its signature offering, Everything Else TM. The successful bid by its founders aims to stabilize the company’s operations and enhance its strategic direction moving forward.

For further details on the CCAA proceedings, stakeholders can visit the Monitor’s website at www.ey.com/ca/ssense. The outcome of this bidding process exemplifies the commitment of the Atallah brothers to not only maintain ownership but also to navigate the complexities of the restructuring effectively. This step is pivotal for SSENSE as it seeks to emerge stronger and more resilient in the competitive luxury retail market.