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Irish subsidiary faces liquidation as Aldo restructures

29/05/2020

Reports from its home province, Quebec, say the Irish subsidiary of footwear company Aldo Group will close permanently.

The group successfully applied for creditor protection in Canada, the US and Switzerland in early May, saying covid-19 had put “too much pressure” on the business. It said it wanted to speed up a restructuring plan it had already put in place.

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