Curry's Art Store Limited o/a Curry's Artists Materials and Curry's Artists' Materials, Receivership

Curry's Art Store Limited o/a Curry's Artists Materials and Curry's Artists' Materials, a Hamilton, Ontario-based art materials supplier to both the retail and wholesale markets, was placed into receivership on July 14 on application by TD Bank, owed over $640,000.

TD Bank initially advanced a loan to the company in 2016.

All of the company’s physical stores have been closed, and Curry’s continues to operate as an online retailer and supplier of art materials to schools and educational institutions.

In recent years, the company has faced various challenges due to the COVID-19 pandemic and post-pandemic business environment. It has defaulted on the TD Bank loan, including by failing to repay the indebtedness when due. 

Albert Gelman is the receiver.

Counsel is Gowling WLG for TD Bank.