Bombay Company And Bowring Brothers Collapse In Debt
We’re sad to be saying farewell to Bowring Brothers and the Bombay Company, along with all their fantastic sales. Apparently, the home decor chains in Canada will be moving into liquidation mode after their Brampton-based parent company filed for creditor protection.
Blogto reported, “Fluid Brands Inc., owned by GTA retail mogul Fred Benitah, is more than $50 million in debt, according to legal filings.”
As of right now, both the Bombay & Bowring website and social channels have been removed until further notice. There are a ton of expected closures — which is why there has been such an influx of warehouse sales happening recently.
Currently, there are 43 Bombay stores in Canada which we don’t expect to stay open long. We will continue to keep you updated.