Its possible some Goodwill stores will re-open. The company is seeking BIA (Canada’s Bankruptcy and Insolvency Act) protection with the intention to restructure.
CEO Keiko Nakamura released a statment saying the union representing most of the Goodwill workers is in support of this plan.
Strategic alternatives under consideration focus on overcoming significant barriers to relieve the organization’s financial burden to allow for a possible restructure.
A trustee will be contacting all creditors within five business days.
No suggestion if the Barrie and Orillia stores might be among those that eventually re-open.