mexx toronto

Mexx bankrupt but Toronto stores still open (for now)

First Jacob, then Smart Set - the business-casual clothing market has taken a beating this year, with Mexx the latest to bite the dust. A judge in the Netherlands declared the Dutch fashion chain bankrupt on Thursday, sealing the fate of its 315 stores, including eight GTA locations and 87 others around Canada.

So prevalent is the brand, which was also sold at The Bay in addition to its own stores, on Canadian soil that "promotional pricing pressure in Canada" actually contributed to the company's demise, according to company higher-ups. Currently, Mexx plans to keep stores open - for now - as they clear out merchandise. Time to go get a deal on a new skirt suit (but don't act too happy about it).


Join the conversation Load comments

Latest in Fashion & Style

Toronto is getting a brand new flea market this month

This Toronto salon is doing outdoor haircuts upon request

MEC sold to U.S. company and members are not happy

Halloween on Church Street won't be happening in Toronto this year

Toronto army surplus store evicted by landlord after owing $83K in rent

10 modern furniture stores in Toronto that will make you forget Ikea

Toronto teens are waiting in ridiculously long lines to shop at Brandy Melville

One of Toronto's original knitting studios has closed after 13 years