Soft market, competition, tariffs among reasons for bankruptcy
The eSolutions Furniture Group is pursuing bankruptcy in a Canadian bankruptcy court, leading to the decision to end manufacturing activities at the Jamestown Bush Industries facility. The company said Thursday morning that the Federaon des caisses Desjardins du Quebec, as lender and as administrative agent for the company’s lending syndicate, is expected to present at noon on May 4, 2026, before the Superior Court of Quebec under the Bankruptcy and Insolvency Act in Canada to appoint PricewaterhouseCoopers Inc. as receiver over the company’s assets. The company has ceased ...