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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
CNW Salvation donation (PD30Jul15)

Some 120 people from across the industry took part in the recent annual golf tournament hosted by Cantrex Nationwide at the Copper Creek Golf Course in Kleinberg, Ontario, just north of Toronto. As has become its usual practise the event benefits a local charity, in this case the Salvation Army. At right, Jeannine Ghaleb, CNW’s president and COO is seen presenting a cheque for $10,000 to the army’s Captain Rick Zelinsky.


 

 

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