danier bankruptcy

Danier files for bankruptcy protection

Toronto-based company Danier Leather Inc. has filed for bankruptcy protection, reports the Toronto Star today. The leather goods retailer, which has more than 90 stores across Canada, isn't closing up shop just yet.

"It is important to note that the Company is not bankrupt. The Company has sufficient resources to fund its operations during the SISP (Sale and Investor Solicitation Process) and its stores will remain open for business during that time, subject to any restructuring steps that the Company may take during the process," said Danier in a news release.

Danier hasn't been doing too well lately. According to its news release, it has experienced "significant" losses over the past two fiscal years.

Are you surprised by the news? Let us know in the comments.


Join the conversation Load comments

Latest in Fashion & Style

AOC's show-stopping Met Gala dress was actually designed by someone from Toronto

Dan Levy and Simu Liu make Toronto proud with their 2021 Met Gala fits

Shoe store known for its cheap prices permanently closing all locations in Canada

Toronto shop known for its cards and gifts is permanently closing and moving online

Man wearing Looney Tunes t-shirt caught filming woman in change room at Toronto mall

Toronto store that was known for selling affordable home essentials permanently closes

Line Friends and BT21 pop-up at Toronto's Yorkdale mall temporarily sold out

Toronto barber blows up on TikTok for cutting the hair of millionaires