After more than a century of activity, the Winnipeg jewelry chain Ben Moss Jewelers is closing its doors.
Discontinuation sales were announced at all 54 Ben Moss branches across Canada in a press release from the Gordon Brothers Group on Friday. The sales started on Saturday.
In May, the company announced that it was restructuring its operations after receiving protection from its creditors. Clearance sales have already started at 11 underperforming stores across the country.
“After reviewing all of our restructuring options, including selling all or part of the business as a going concern, we determined that this was the best solution based on the challenges we are facing. faced, “said Naveed Manzoor, Ben’s director of restructuring. Moss, in the press release.
Ben Moss has been owned and operated by Canadians since 1910.
The company has been hit by the weak Canadian dollar in recent years and a sluggish economy in Western Canada, Ben Moss obtained legal protection several months ago and hired Gordon Brothers Group Canada to handle the shutdown. of their stores, the statement said.
Sales will include discounts of up to 40% and store fixtures, furniture and equipment will also be available for sale at a later date, the statement said.
It is not known when the doors will officially close.