The Canadian Press

1997-02-27 | Eatons-Bankruptcy

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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, ON, Canada
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 teaching company limited today an initiated an orderly restructuring of its retail operations >>

Clip ID: 19970227CPCN002