November 19, 2018
Dans un Jardin, a Montreal, Quebec-based retailer specializing in bath products, along with its manufacturing subsidiary Art de Vivre Fabrication, filed an NOI on November 19, listing $13.8MM in liabilities, including $11.4MM to Investments Sylpama. The company, which has a 35-year history and owns 55 stand-alone boutiques, attributes its decision to increasing competition and a significant reduction in sales over the years. Although the company attempted to ameliorate its financial situation by reducing overhead costs, cutting the salaries of managers, and closing its least profitable stores, these measures were ultimately unsuccessful. In order to liquidate its inventory, the company will hold warehouse sales in Quebec City, Longueuil and Gatineau. Richter is the proposal trustee.