Club Monaco store in Toronto shut down due to alleged $134K in unpaid rent

One of the last remaining Club Monaco stores in Toronto was recently served a formal eviction notice over unpaid rent.

The Club Monaco North Yonge location at 2610 Yonge St., north of Eglinton, was issued the notice by its landlord on Jan. 26, 2026, citing an alleged unpaid amount of $133,917.05, plus additional costs.

According to the notice taped on the store's window, the lease for the four storefronts spanning 2604–2610 Yonge St. has been terminated, and the locks have been changed.

Submitted to blogTO.

blogTO reached out to Club Monaco for comment, but has not received a response as of the time of publication.

Known for its "minimalist cool" aesthetic, the Canadian-founded brand has catered to preppy, sophisticated clients for decades, offering high-quality (read: expensive) fabrics, often in neutral colours. 

At its peak, the brand operated around 140 stores across North America, with a bulk of them located in Ontario.

Club Monaco was founded in the 1980s by Saul Mimran, Alfred Sung, and Joe Mimran (the man also behind the popular, more budget-friendly fashion brand Joe Fresh). 

The first store opened on Sept. 5, 1985. Come spring of 1999, the brand was acquired by Polo Ralph Lauren, which helped expand the brand across premium malls and high-traffic storefront locations in Toronto and beyond.

But the number of brick-and-mortar stores started dwindling in early 2021, around the same time Ralph Lauren Corp. sold Club Monaco to L.A.-based private equity firm Regent LP. In March of that year, it closed its flagship location inside the historic Lillian Massey building located at 157 Bloor Street W.

By December 2025, nearly 40 years after its opening, Club Monaco closed its original Toronto location at 403 Queen St. W. Then, its men's store in Yorkdale Shopping Centre and its unisex store in the Eaton Centre also shuttered.

Just like Yonge St., Queen St. W. has experienced rapid retail turnover in recent years. The West Queen West Business Improvement Area (BIA) reports that over 130 businesses have closed down in the last three years alone.

Many other long-standing businesses, including Hudson's Bay, Zara, H&M, Anthropologie, and Gap, have closed, possibly due to high rent, property taxes, and ongoing Ontario Line construction. 

Today, only four Club Monaco locations remain in Ontario, according to the brand's website: Sherway Gardens, Yorkdale, Square One, and Promenade.