AU COTON

BY MONICA DOBIE
CANADIAN casual clothing retailer Au Coton Inc has announced that it is insolvent and will be restructured under bankruptcy legislation, owing creditors more than CAN$23 million. Larger discounters like Walmart and competitive US chains like Gap and Old Navy have affected Au Coton's competitiveness. In the year ending July 2001, the company lost CAN$2million on sales of CAN65$million.



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