This is the end of Razor Center

Two employees confirmed they had been informed of the group’s bankruptcy and were forced to leave the premises before bailiffs arrived.

We arrived in the afternoon and it was closed. We were told that the stores had gone bankrupt. We had to get out of the store as quickly as possible.One of them guarantees.

Radio-Canada was able to access notices sent by the Office of the Superintendent of Bankruptcy to several stores during the day.

The company, which is managed by CDREM Group, owned by former CHOI Radio X boss Patrice Demers, did not return a call to Radio-Canada when this story was published.

A sad day, said the union

The banner has 34 stores (including a dozen franchisees) and 150 employees, most of whom are affiliated with the United Food and Commercial Workers (UFCW).

It was a sad day for the workers. Many have many years of service under their belt. Bankruptcy on Wednesday means they won’t get paid tomorrow. But we will make necessary representations for the salaries of the employees.UFCW Local 500 President Tony Filato confirmed.

According to him, everything happened very quickly on Wednesday.

” I was told that the syndic came early to change the locks and lock the doors. He takes stock from the shops. »

In recent weeks, the company has been protecting itself from its creditors. A recovery plan has been submitted, but it has not been approved and to our knowledge no serious buyer has been found.

Established 60 years ago

Razor Center was established about 60 years ago. In the early 2010s, the group merged with Boutik Electrik.

Five years ago, the group made significant changes and became part owner of the stores.

In recent years, pandemics, e-commerce, labor shortages and inflation have further weakened the group.

With the Amazons of this world, it is difficult to attract customers, especially in shopping mallsMr Filato explained.