A storied Greater Toronto Area furniture brand founded by a former city mayor and popularized with television and radio ads proclaiming "nooobody" could beat its prices is aiming to restructure its business. In a filing made under the Bankruptcy and Insolvency Act last week, Bad Boy Furniture Warehouse Ltd. said a slew of economic conditions that have weighed on consumers' shopping habits and its business forced it to make the "very difficult decision" to re-examine its operations.
"The decision to commence these proceedings was taken after much deliberation," the furniture company said in a notice to customers presented to an Ontario court Thursday as part of a broader Notice of Intention, a legal mechanism companies use to right their business following troubles. "Bad Boy believed (the notice) was necessary in the context of a challenging economic environment driven by high interest rates, declining sales in the housing sector and a tight retail climate, particularly in the home furnishing secto
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »