Richtree fails to file statements

Nine corporate insiders at Richtree Inc., which operates Moevenpick, Marché and Marchelino restaurants, have been slapped with a temporary cease-trading order because the firm hasn't filed financial statements on schedule.

The Toronto Star
December 24, 2003

Richtree fails to file statements

Nine corporate insiders at Richtree Inc., which operates Moevenpick, Marché and Marchelino restaurants, have been slapped with a temporary cease-trading order because the firm hasn't filed financial statements on schedule.

The Ontario Securities Commission said yesterday it will hold a hearing on the matter Jan. 5.

The trading freeze applies to former chairman Hans-Jorg Reichert, Marianne Reichert, Colin West, Robert Francis, John Elder, Trevor Eyton, John Nestor, Dennis Belcher and William Jean.

Richtree has been going through some turmoil this year. On Oct. 29, the Toronto-based firm announced it had suspended chief executive Jorg Reichert and vice-president Marianne Reichert and reversed the CEO's decision to fire the firm's chief financial officer. West, who had been fired, returned as CFO and was put in charge as senior executive vice-president.

Canadian Press


Brought to you by WikiFranchise.org

Risks: Canada, 20031224 Richtree fails

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License