We recently reported that after 60 years in operation, Le Chateau Inc. is seeking court protection from its creditors as the Quebec retailer announced its intention to liquidate its assets and shut down operations of its stores. The chain is just the latest Canadian retail brand to file for CCAA under COVID-19, joining a long list of other companies that have taken the necessary steps to file for protection since March 2020.
What follows is a list of Canada’s high-profile companies that have recently shut down due to the pandemic. It includes some of our favourite clothing stores, Cirque Du Soliel, DavidsTea, and everything in between. These businesses have sadly either gone bankrupt or have filed for protection since the start of the pandemic.
- Le Chateau – October 23
- Mountain Equipment Co-op – September 14
- Group Dynamite – September 8
- Geox Canada Inc. – September 8
- Swimco – October 20
- SFP Canada Ltd. (Papyrus, Carlton Cards) – August 20
- TA Hotel Management Ltd. Partnership – August 17
- Moores the Suit People Corp. – August 5
- Laura’s Shoppe Inc. – July 31
- Stokes Inc. – July 27
- Ann Canada Inc. – July 23
- Boutique Tristan & Iseut Inc. – July 20
- Mendocino Clothing Company Ltd. – July 14
- DavidsTea Inc. – July 8
- Lucky Brand Dungarees Canada – July 6
- Cirque Du Soliel Canada Inc. – June 30
- GNC Holdings – June 29
- Modasuite Inc. (Frank and Oak clothing retailer) – June 22
- Sail Outdoors Inc. – June 2
- Reitmans (Canada) Ltd – May 19
- Flighthub Group Inc. – May 8
- Aldo Group Inc. – May 7
- Cranbrook Glen Enterprises Ltd. – May 1
- Foodora Inc. – April 27
- Marche Restaurants – April 16
- CannTrust Holdings Inc. – March 31
The original report was filed by The Canadian Press on October 23, 2020.
