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Canadian luxury company SSENSE will file for bankruptcy, reason revealed
2025-08-30 00:02:51 / BOTA
Canadian luxury clothing retailer SSENSE has said it plans to file for bankruptcy, citing in part pressure from U.S. tariffs, including those on low-value packages bound for the U.S., which just went into effect.
According to foreign media, in an email to staff from CEO Rami Atallah, the Montreal-based firm said it was "surprised" by the elimination of the 'de minimis' exemption for shipments to the US.
The 'de minimis' exemption allowed tax-free shipments to the US for packages worth $800 (Canadian $1,100; £592) or less and was widely used by e-commerce firms and global retailers to ship small packages to the US. President Donald Trump issued an executive order suspending the exemption last month.
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