Mexx to close Toronto stores by the end of February
Last month, Dutch clothing chain Mexx announced it would be filing for bankruptcy, leaving the future of its stores (including numerous Toronto locations) uncertain. Now, the company has confirmed what those yellow-and-red "everything must go" signs apppearing in store windows have suggested: The company will be shutting down its stores after its final restructuring bid failed.
The Globe and Mail reports that the chain's 95 Canadian stores - including eight based in the GTA - will be liquidated before being shut down at the end of February. The closures may not be over yet - retail analysts promise a tough year ahead for mid-tier fashion brands with a large Canadian presence, with Jacob and Smart set going under and Danier and Le Chateau on shaky ground.
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