Laura (clothing retailer) explained

Laura's Shoppe Inc.
Trade Name:Laura
Type:Private
Foundation:1930
1989 (Laura Petites)
1995 (Laura Plus)
1984 (Melanie Lyne)
2002 (Laura Superstore)
Location:Montreal, Quebec, Canada
Locations:200
47 (Melanie Lyne)
71 (Laura Petites)
54 (Laura Plus)
18 (Laura Superstore)
Industry:Retailer for women's wear
Founder:Laura Wolstein
Divisions:Melanie Lyne, Laura Plus, Laura Petites & Laura

Laura's Shoppe Inc. is a Canadian women’s wear boutique chain founded in 1930 by Laura Wolstein, the first Laura store was located on St. Hubert Street, Montreal.

Laura Canada remained a one-store operation until 1973 when Kalman Fisher, grandson of Laura Wolstein, and now President of Laura Canada, opened a second store in a small shopping centre in the Montreal suburb of St. Laurent. A third store was opened in Place Vertu in 1975, followed by another in les Galeries d'Anjou in 1976.

Filing for creditor protection

In July 2015, Laura filed for creditor protection.[1] According to company's filing, the chain has liabilities of more than $20 million.[2] The chain restructured and emerged from protection four months after filing.[3]

The chain filed for creditor protection once again in 2020, during the global COVID-19 pandemic.[4]

References

  1. Web site: Owner of Laura, Melanie Lyne seeks creditor protection . 2015-08-05 . . https://web.archive.org/web/20221126173856/https://www.cbc.ca/news/business/laura-clothing-chain-files-for-creditor-protection-1.3179305 . 2022-11-26 . live .
  2. http://www.thespec.com/news-story/5783336-womenswear-chain-laura-files-for-creditor-protection/ Womenswear chain Laura files for creditor protection
  3. https://montreal.ctvnews.ca/mobile/laura-s-bounces-back-from-bankruptcy-protection-1.2685185
  4. https://www.theglobeandmail.com/business/article-lauras-shoppe-obtains-creditor-protection-as-canadian-retailers

External links