Wednesday, 18 February 2015

2014-2015 Quebec Fashion Bankruptcies

So many Quebec clothing companies have gone bankrupt (what we in Canada call CCAA),  in the past year, its hard to keep track.

Not only does each company cease to exist in its current form, choosing either to restructure, sell, or close its doors forever, it affects everyone else in the industry as well. Suppliers, manufacturers, import/exporters, distributors, designers, etc, are all touched each time a major player in the fashion industry goes under.

2014-2015 was a difficult year for retailers and wholesalers alike, and a non-comprehensive list of just a few of the best known names to fold this year reveals a challenging landscape.
Bikini Village
Imperial Pants
Rhino Freedom

Boutique de Mode Dahlia
Boutique Jacob
Boutique Onze
Boutique Plato
Lana-Lee Fahions
Modes Cazza
Twin Heart Clothing

If you are a supplier, wholesaler, distributor, importer/exporter or service provider in the retail and fashion industry, you might want to consider your options. Take a look into trade credit insurance, and keep your business safe.