Toronto-based women's fashion chain Mendocino has announced it plans to restructure itself under bankruptcy laws, a move that will result in "all or substantially all" of its 28 stores in Canada staying closed for good. Like many others, the chain shut down its physical stores in March, when the coronavirus pandemic started in Canada. But the company filed paperwork last week to suggest that it is scrapping those reopening plans and instead intends to turn itself into an online-only seller of women's clothing. Founded in 1987, Mendocino has a half-dozen stores under its eponymous brand name and two-dozen of the lower-priced M Boutique. According to trade publication Insolvency Insider which first reported the plans, the chain has 28 stores in the GTA.

Source: CBC News July 21, 2020 16:07 UTC