CBC News reported on October 28 that Sunrise Records owner Doug Putman will reopen 45 locations of DavidsTea as T. Kettle shops in nine Canadian provinces and six U.S. states on Sunday (November 1).
This new company will employee about 250 staff members.
The Montreal-based DavidsTea, which had about 220 locations in Canada and the U.S., initiated a restructuring plan under the Companies’ Creditors Arrangement Act in July, with a shift towards focussing on online sales, and sought protection from creditors in Canada and bankruptcy protection in the U.S. In a September 15 news release, the company announced that Quebec Superior Court extended a stay of proceedings against the company until December 15 as it continues its restructuring efforts…