Two employees confirmed that they had been informed of the group’s bankruptcy and the fact that they had to leave the premises before the arrival of the bailiffs.
We arrived at noon, it was closing. We were told that the stores were bankrupt. We had to get out of the store as quickly as possible.
assures one of them.
Radio-Canada was able to consult a notice sent by the Office of the Superintendent of Bankruptcy during the day to several stores.
The company managed by the CDREM Group, owned by Patrice Demers, former boss of CHOI Radio X, had not called Radio-Canada back when this article was published.
A sad day, says the union
The banner has 34 stores (including a dozen franchisees) and 150 employees, most of whom are unionized with the United Food and Commercial Workers (UFCW).
It’s a sad day for workers. Many have many years of service under their belt. The fact that the bankruptcy is declared on a Wednesday means that they will not be paid tomorrow. But we will make the necessary representations to get the employees’ salaries.
confirmed Tony Filato, president of UFCW Local 500.
According to him, everything happened very quickly during the day on Wednesday.
« I was told that the syndic had quickly come to change the locks, bar the doors. He will take the stock from the stores. »
In recent weeks, the company had protected itself from its creditors. A recovery plan had been submitted, but it had not been accepted and no serious buyer had been found, according to our information.
Founded 60 years ago
The Razor Center was founded regarding 60 years ago. At the turn of the 2010s, the group merged with Boutik Electrik.
Five years ago, the group made significant changes and became the owner of part of the stores.
In recent years, the pandemic, e-commerce, labor shortages and inflation have further weakened the group.
With the Amazons of this world, it is increasingly difficult to attract customers, especially in shopping centers
I explained M. Filato.
