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Retailer behind Garage, Dynamite latest company hit by pandemic

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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.

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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.

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