The list of Quebec retailers forced to take shelter from their creditors due to the impacts of the pandemic continues to grow. The Nero Bianco and Club C banners are beginning to restructure.
• Read also: Nero Bianco and Club C victims of COVID-19
According to our information, the Nero Bianco Group, which oversees the two shoe chains, would like to invest exclusively in the future on its Club C brand. The Nero Bianco banner could thus disappear.
In an interview with The newspaper last May, management was already considering having to close eight stores this year across the province because of the impacts of the pandemic on the organization’s portfolio.
According to public documents, the group has debts of $ 8.85 million. The company owes the Bank of Montreal $ 844,000, $ 352,500 to the Business Development Bank of Canada and $ 175,000 to Revenu Quebec. There is also a debt of $ 195,478 to employees.
The Nero Bianco Group also owes sums to several property owners such as Cominar, BTB and Immostar.
The trustee Raymond Chabot is piloting the case. During the restructuring process, the Nero Bianco Group plans to continue its activities. The aim is to present the offer to creditors in the coming weeks.
Projects in 2021
Joined by The newspaper, the management preferred to limit its comments, ensuring however that there was no question of putting an end to the adventure.
“We will continue. There are even opening projects in the plans for 2021 under the Club C banner, ”the co-president, Jean-François Transon, replied at the end of the line.
Before the pandemic, the company, which filed for bankruptcy and insolvency law protection on November 3, had about 50 outlets across the province and about 290 workers.
There are currently three Nero Bianco stores remaining. It was not possible to know on Friday the number of workers who could be affected by the restructuring process.
The retailer’s head office is located in Sainte-Catherine-de-la-Jacques-Cartier.
– With the collaboration of Philippe Langlois