Danier Leather Massive Sale Begins

 

danier-insolvency

I was heartbroken to hear the news about Danier going into insolvency. For those hearing about this for the first time, the Canadian leather brand Danier has begun the proceedings for insolvency. Meaning that they can no longer meet their financial obligations with lenders.

For now what this really means that they are looking to sell some or all the company and if not, they will go into bankruptcy.

The retailer has 90 stores across Canada and intends to keep them all open during the insolvency process. Which means great sales, so look out.

My favourite location is their head office warehouse location on St. Clair in Toronto. You can find some of the best one-of-a-kind samples pieces there that never make it into full production.

Right now online and in-store you can find great deals (many at 75% off). So if you’re a Danier lover like me, it’s time to buy. Hopefully the company will find a buyer soon and possibly someone from south of the border who can grow the company. I would love to see the company expand into the US market and eventually begin to  manufacture  a shoe line.

So start shopping!

 

Read more at CBC.ca and the Globe and Mail.

Photo credit: CBC

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