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Six weeks later, the Principal Group filed for bankruptcy, [1] owing more than 67,000 investors approximately $468 million ($1.07 billion today). [3] Calgary lawyer William Code [4] was appointed in 1987 to conduct an inquiry into the financial affairs of the corporation, the findings of which were released in July 1989. [5]
Sunrise Records purchased 70 of the leases, reopening the stores under their own brand. [17] Holt Renfrew: department: August 2014: 3: Locations in Ottawa, Quebec City, and Winnipeg Holt Renfrew: department: May 2019: 1: Retailer had a downtown Edmonton store since 1950. [18] Hudson's Bay Company: department: May 2020: 1: Closure of a 207-year ...
A&A Records – founded in Toronto at the end of WWII, it was the dominant record chain store in Canada until being superseded by Sam the Record Man in the 1960s; it became defunct in 1993 A&B Sound – home electronics retailer based in Richmond , BC; founded in 1959, it had expanded as far as Winnipeg , Manitoba by 2000, but its subsequent ...
For years, A&B Sound maintained a reputation in the western Canadian music market for having the lowest prices and best selection on records, cassettes, and later, CDs. [1] Often, the chain would out-price other major retailers, including A&A Records and Tapes , as well as Toronto-based Sam the Record Man , which was unable to penetrate the ...
The Parliament of Canada has exclusive jurisdiction to regulate matters relating to bankruptcy and insolvency, by virtue of Section 91(2) of the Constitution Act, 1867. It has passed the following statutes as a result: The Bankruptcy and Insolvency Act ("BIA") [1] The Companies' Creditors Arrangements Act ("CCAA") [2] The Farm Debt Mediation ...
A&A Records at 351 Yonge Street in Toronto, circa 1975 The A&A flagship store in the early 1990s; A&A's main rival's flagship store can be seen right next door.. The company was founded at the end of World War II by Alice Kenner, her husband Mac, with the assistance of her brother, Aaron as A&A Bookstore after Alice and Aaron's first initials, at 351 Yonge Street in a building that had been ...