Teagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.
Last week, the high-end Toronto grocery store filed bankruptcy for several locations and announced it would be consolidating operations to two stores.Last week, high-end Toronto grocery store Pusateri's filed for bankruptcy at three of its locations, later announcing that it would be consolidating its operations into its Avenue Road flagship store. The Eaton Centre Saks Food Hall location will also remain open for business.
The creditors range from a long list of unsecured entities — mainly suppliers, such as Bento Sushi, Mad Mexican, and Rogers Communications — to secured creditors, the most notable being Scotiabank, to which the three locations owe a total of $4.9M.
Creditors Insolvency Albert Gelman Inc. Commercial Real Estate Bankruptcy
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