January 21, 2020
Thomas Sabo Ltd./Ltee., a jewellery retailer, filed an assignment in bankruptcy on January 21, 2020. The purpose of the filing was to complete the restructuring of the Canadian operations from bricks and mortar to an e-commerce business model. With 11 remaining physical locations across Canada, after voluntarily closing other locations in the past, and employing approximately 80 employees, the company had been experiencing declining revenue and losses from most of its mall locations. Grant Thornton is the bankruptcy trustee. Dale and Lessmann LLP is counsel for the company.