DavidsTea files for bankruptcy protection

In this April 2017 photo from its Facebook page, the DavidsTea sign and store in Cornwall Square. DavidsTea has filed for bankruptcy protection and plans to transition the store to a mostly online business. The future of the Cornwall location is unknown at this time. (DavidsTea/Facebook via Newswatch Group)

CORNWALL – North American tea retailer, DavidsTea, will file for bankruptcy protection from its creditors in both Canada and the U.S.

The company has 230 locations in both countries, including a location in the Cornwall Square.

The Cornwall location opened in April 2017 on the second floor of the Water Street mall next to the food court and came in on a wave of new businesses to the mall around that time including Dollarama, Labels and Captain George’s Fish and Chips.

The Montreal-based chain has reportedly not paid rent at any of its locations for April, May and June. The future of the Cornwall location is unknown at this time. The company’s CFO says it may end “a significant number” of its existing leases.

DavidsTea plans to transition the business to online. The business has been conducting online sales while its stores have been closed since mid-March at the beginning of the coronavirus pandemic.

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