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
- ^ "Owner of Laura, Melanie Lyne seeks creditor protection". CBC News. 2015-08-05. Archived from the original on 2022-11-26.
- ^ Womenswear chain Laura files for creditor protection
- ^ [1]
- ^ [2]
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