Moores Kelowna staying put
Laura Brookes - Aug 11, 2020 - Okanagan Biz

Photo: Google

Moores Clothing for Men has confirmed its Kelowna store will remain open after the company announced it had filed for bankruptcy.

A customer service representative told Castanet the Kelowna store on Harvey Avenue is not part of the restructure plan.

Moores’ parent company, Tailored Brands, said over the weekend it will continue to operate most stores but will aim to reduce its funded debt by $630 million.

Tailored Brands chief executive Dinesh Lathi said the pandemic has forced societal and economic changes that has severely impacted the business.

“It means fewer in-person meetings, wedding celebrations and special events. Simply put, people are staying home more, and our clothes are better suited to being out and about.

“In July, we announced some store closures. However, we will continue to have stores across Canada operating as usual. Nothing about our decision to seek Chapter 11 protection changes that.”


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