Retailer behind Garage, Dynamite latest company hit by pandemic

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Montreal-based Groupe Dynamite, Inc. files for creditor protection this week and plans to restructure its business, which will likely include store closures, as it becomes the latest retailer crippled by the economic fallout of the pandemic.

Shoppers walk past boarded up stores on Montreal's Sainte-Catherine street on Wednesday, June 3, 2020. THE CANADIAN PRESS/Paul ChiassonTORONTO -- Montreal-based Groupe Dynamite, Inc. filed for creditor protection this week under the Companies’ Creditors Arrangement Act and will restructure its business, becoming the latest retailer crippled by the economic fallout of the pandemic.

“This pandemic has created a corporate tsunami,” executive chairman Andrew Lutfy said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

plandemic

Bye bye Private sector. Soon will be back in lockdowns and 2nd wave will hit the private. Should take a few more.

Oh no..........🙄

That’s what happens when you leave dynamite in the garage.

I work near there. They weren't doing too well BEFORE the virus. It doesn't help that the Eaton Centre charges insane rents either.

I Love Dynamite! They have my fav business and business-casual wear for work. I hope they get through this.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines