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Giant Carpet declares bankruptcy PDF Print E-mail
Written by HGO Staff   
TORONTO - According to reports in at least two media outlets, Giant Carpet & Flooring has declared bankruptcy, a victim of a sagging housing market and slumping consumer confidence.

Both the Toronto Star and CityNews.ca reported that the 12-unit chain owes about $5.2 million. The flooring specialist apparently closed its doors late last week, putting 100 people out of work and leaving customers scrambling for their unfilled orders.

The Richmond Hill-based Perry Krieger and Associates Inc. have been appointed trustee-in-bankruptcy. The bankruptcy documents have yet to be published.

The Toronto-based liquidation specialist Danbury Sales will handle the sale of Giant's remaining inventory.

Click here to read the complete Toronto Star report.

Click here to read the report on CityNews.ca.

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Picture of the Day
Magussen-sideboard-Dwell-Studio (PD)

Magnussen Home has been selected to produce a 30-SKU case goods collection under a new licensing agreement signed with e-commerce specialist DwellStudio. Seen here is an artist’s rendering of a sideboard that is expected to be unveiled at the April 2015 edition of the High Point Market. Click here for our report.


 

 

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