Montreal-based online fashion retailer Ssense plans to file for bankruptcy protection as its primary lender attempts to force a sale of the company, a Ssense spokesperson told CBC News in an email.

According to the company, its primary lender has placed Ssense under Companies' Creditors Arrangement Act (CCAA) protection in order to launch a sale. (Requesting CCAA protection prevents creditors from forcing an insolvent company into bankruptcy and paves the way for financial restructuring.)

Ssense says that its lender made the move without the company's consent.

Now, Ssense plans to file its own CCAA application imminently to "safeguard the company, retain control of our assets and operations, and fight for the future of this business," the statement said. "This process will give us the t

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