While tariffs helped bring the apparel innovator down, SRTX was already struggling to scale.
Insolvent Montréal startup SRTX recently struck a deal to sell some of its assets to fellow Québec textile manufacturing firm AYK International. Court filings published online last week by SRTX trustee PricewaterhouseCoopers (PwC) share more details about the state of the Sheertex maker’s business and how it got here.
“The technology works. The customers are committed. The vision is clear. But our ability to secure the working capital needed to fund 2025 production will determine whether we seize this opportunity.”
Katherine Homuth
While US tariffs and cross-border duty changes contributed…