Syd Silver Formals, long considered Canada's top tuxedo retailer, is closing its doors after 82 years, according to a report.
The chain will soon close all 17 of its stores nationwide and lay off almost 100 staff. The company opened its first store in 1927, when it set up shop in Toronto near the intersection of Yonge and College streets.
Court documents filed earlier this month showed the company owed $4.5 million, the Toronto Star reported. The liquidation process is expected to begin next week.
Share Tools
Big Box Advertisement
Latest Toronto News Headlines
- Ontario teachers' union calls for classroom Wi-Fi ban
- Ontario's Catholic schoolteachers are calling for hardwire instead of Wi-Fi in classrooms. more »
- Toronto outside workers vote on contract offer
- Toronto's outside workers are holding a ratification vote on a new four-year contract with the city. more »
- Dead bullied boy's statements to be heard in court
- A judge has ruled that written statements will be allowed as evidence against a boy charged with bullying and robbing an 11-year-old Pickering, Ont., boy who later took his own life. more »
- Firefighters discover attempted jewelry store robbery
- Toronto firefighters were called to the scene of a fire and found a would-be jewelry store robbery. more »
Top News Headlines
- U.S. bank reforms could hurt Canadians, Flaherty fears
- Canada's finance minister and the governor of the Bank of Canada have formally complained to their American counterparts that proposed banking reforms could harm Canadian banks, business, investors and the government itself. more »
- CBC digital music service launches today
- CBC is diving into the world of online music with the goal of providing listeners access to their favourite tunes, and a way to discover new artists and connect with fellow music fans. more »
- Ontario teachers' union calls for classroom Wi-Fi ban
- Ontario's Catholic schoolteachers are calling for hardwire instead of Wi-Fi in classrooms. more »
- Whitney Houston was found unconscious underwater, police say
- Whitney Houston was underwater and apparently unconscious in a bathtub at the Beverly Hilton Hotel when found, Beverly Hills police said Monday. more »
- Ultimate Tazer Ball combines shock and soccer
- Firefighters discover attempted jewelry store robbery
- Dead bullied boy's statements to be heard in court
- Single-car crashes leave at least 3 people hurt
- Toronto outside workers vote on contract offer
- 2 Woodbridge men killed in snowmobile crash
- Toronto doctor's 'magic pill' goes viral
- CBC digital music service launches today
- Housing market to stay stable, says CMHC
Big Box Advertisement
