Celebration Metropolis is reportedly closing all of its shops throughout the U.S. — however the occasion provides chain’s Canadian shops will proceed to function.
CNN first reported that Celebration Metropolis would shut down its companies within the U.S. and that firm CEO Barry Litwin knowledgeable workers the model can be “winding down” its operations instantly, with Friday marking their last day of employment.
In Canada, the model is owned by Canadian Tire, which says its places aren’t going wherever.
“The operations of Celebration Metropolis in Canada are totally separate from Celebration Metropolis Holdco within the U.S.,” a Canadian Tire spokesperson advised CBC Information in an e mail.
“Celebration Metropolis Canada stays open for enterprise on-line and in retailer, and can proceed to offer Canadians with all the pieces they should have a good time all their life moments.”
Celebration Metropolis’s U.S. enterprise first exited chapter simply over a 12 months in the past. Beneath its insolvency plan, the corporate saved most of its 800 shops working, cancelled almost $1 billion US in debt, and was delisted from the New York Inventory Change.
Source link