Hardy Capital-backed Shoes.com shuts down operations
Canadian online footwear and apparel retailer Shoes.com Technologies Inc announced it shut down operations as of January 27th. The company, which was backed by Canadian merchant bank Hardy Capital Partners, took its three e-commerce properties offline and closed its two brick-and-mortar stores in Vancouver and Toronto. It said it was working with secured lenders to liquidate assets and intended to assign some or all of the affiliates into bankruptcy. In 2015, Shoes.com raised $45 million in a private placement deal. At the time, the company was expected to launch to an initial public offering.
30 January 2017•1 min read
