SSENSE Founders Stage High Stakes Buyback Amid CCAA Turmoil

SSENSE’s founders are set to retake control of the business through a court‑supervised process, in a move that could mark a new chapter for the troubled luxury e-commerce pioneer in Canada.

Founder‑led bid wins in CCAA process

SSENSE announced from Montréal on January 11, 2026, that a bid submitted by co-founders Rami Atallah, Bassel Atallah, and Firas Atallah, together with a strategic partner described as a leading Canadian multi-family office, has been selected as the successful offer in a Court-supervised Sale and Investment Solicitation Process (SISP) under the Companies’ Creditors Arrangement Act (CCAA). The parties have signed a definitive purchase agreement, setting the terms for the founder group and its financial backer to acquire the business and steer it out of restructuring.

The SISP selection follows a period of formal creditor protection, during which potential investors and buyers were invited to submit proposals for SSENSE’s assets and operations. 

What happens…