The 127-year-old Eaton's chain of retail stores went under court-ordered bankruptcy protection in late February. The company lost 120 million dollars in 1996 and owed creditors 400 million dollars. Eaton's president George Eaton made the announcement.

Date: 1997-02-27
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 14 seconds

Transcript Prediction: << in order to protect the interests and future of our employees suppliers customers and other stakeholders the teeth and Company Limited today and then she added an orderly restructuring of its retail operations >>

Earbank_1997-02-27_Eatons-Bankruptcy_9519