eSolutions Furniture Group Announces Closure of Business and Lenders’ Proposed Motion to Appoint Receiver

By eSolutions Furniture Group
PR Newswire
April 30, 2026
Category: Business & Politics
Region: Canada East

MONTREAL – eSolutions Furniture Group, including Bush Business Furniture, Bush Furniture, and Bestar, announced today that the Fédération des caisses Desjardins du Québec, as lender and as administrative agent for the Company’s lending syndicate, is expected to present a motion on May 4, 2026 before the Superior Court of Québec under the Bankruptcy and Insolvency Act (Canada) to appoint PricewaterhouseCoopers Inc. as receiver over the Company’s assets. …The Company’s financial position has worsened significantly since 2021. The business has faced additional pressure since 2024 due to the imposition of tariffs by the U.S. government, post-pandemic reductions in consumer demand, increased competition from offshore competitors, and ongoing cash constraints.

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