Another store is saying goodbye. Mendocino's closing in Canada comes as the clothing company reportedly owes millions of dollars.
The brand, which is primarily located in the GTA, operates M Boutique stores as well, which would also be included in the closures.
Stores Mendocino owned before COVID-19 hit
However, it might not be goodbye completely. The insolvency notice says that Mendocino is going to "focus on an e-commerce model."
They also want to make it very clear that the company is not bankrupt. However, they owe a whole lot of money. In fact, the insolvency notice totals the debts over $7 million.
They cite the pandemic as the reason for this financial hit and they aren't the only ones. A number of Canadian stores including David's Tea and Aldo are closing their stores forever after COVID-19.