Please complete your profile to unlock commenting and other important features.

User AvatarBuild your avatar
Please select your date of birth for special perks on your birthday. Your username will be your unique profile link and will be publicly used in comments.
MTL Blog Pro

This is a Pro feature.

Time to level up your local game with MTL Blog Pro.

Pro

$5/month

$40/year

  • Everything in the Free plan
  • Ad-free reading and browsing
  • Unlimited access to all content including AI summaries
  • Directly support our local and national reporting and become a Patron
  • Cancel anytime.
For Pro members only Pro
Summary

DAVIDsTEA Is Reopening Just 7 Stores In Quebec

The company will reopen 11 more stores across Canada.
DAVIDsTEA Is Reopening Just 7 Stores In Quebec
Calvin L. Leake | Dreamstime
Staff Writer

DAVIDsTEA, the Montreal-based tea company, is planning to reopen 18 stores across Canada, seven of which are in Quebec. The stores will reopen under "more favourable lease terms," according to a press release.

DAVIDsTEA was forced to restructure its business, closed several retail stores, and focused on online service due to filing for protection under the Companies' Creditors Arrangement Act (CCAA) in early July. 

Editor's Choice: 13 Bucket-List Spots To Take Someone If They've Never Been To Montreal Before

"

DAVIDsTEA expects to reopen the 18 stores by the end of August 2020.

DAVIDsTEA

"Our decision to reopen these select stores is consistent with our objective to create a leaner, more efficient company, positioned for long-term growth," said Herschel Segal, Founder, Chairman and Interim CEO of DAVIDsTEA.

"We are very pleased that the landlords for these 18 stores have offered more advantageous rent conditions to us in light of the COVID-19 pandemic," added Frank Zitella, CFO and COO of DAVIDsTEA.

In the next 30 days, the company will close another 82 retail locations. 

MontrealNewsNews

Explore this list   👀

    • Teddy Elliot
      Teddy Elliot was a Staff Writer for MTL Blog. He was born and raised in Montreal, Quebec and has a B.A. in Literature. Teddy has been a journalist for three years and was once an English teacher. His creative work has appeared in The Blasted Tree and Parenthetical Magazine. When he's not chasing scoops, Teddy can be found cheering on Aston Villa and listening to 80s power ballads. He was shortlisted for a Digital Publishing Award in 2021.

    Montreal Jobs New

    Post jobView more jobs

    A cozy seaside gem near Montreal was just named North America's 'most peaceful' town

    Canadian towns dominated the list, claiming five of the top six spots.

    Canada just rolled out a colourful new $2 coin & you'll want to keep the first one you see

    It's sure to brighten up your wallet. 💸

    I tried Montreal Airport's brand-new 'common-use' lounge and it's not just for VIPs

    Your credit card could get you in free!

    This breathtaking waterfall is taller than Niagara & it's less than 3 hours from Montreal

    Add this to your fall bucket list! 🏞️

    Canadian parents can get over $650 per child from the Canada Child Benefit this September

    Here's when you can expect your payment. 👇

    This Montreal restaurant spins while you eat & the 360° sunset views are breathtaking

    It'll make your head spin (literally).

    Canada is one of the world's 'smartest countries' & the US didn't even make the list

    Are Canadians smarter than Americans?