Bad Boy Furniture Stores Start Liquidation Sales

Iconic Canadian retailer Bad Boy Furniture has received court approval to begin liquidating its stores.

The company is allowed to start selling off merchandise at its 12 stores beginning Nov. 24. Discounts will start at 20 to 50 per cent off the lowest marked price storewide and apply to a diverse selection of furniture, including sofas, bedroom sets, dining tables, mattresses, electronics and more.

According to documents filed with the Superior Court of Justice, some stores will close and consolidate after the first 30 days of the liquidation period, while others will remain open.

Under the court order, the liquidation sales must end across the company’s entire network by Feb. 15.

Infinity Asset Solutions has been appointed to oversee the total liquidation of the Pickering, Ont.-based furniture company’s entire $25-million inventory.

The decision to hold the liquidation sale is part of Bad Boy’s strategic restructuring plan. Earlier this month, the company filed for bankruptcy.

Toronto-based KSV Restructuring is the proposal trustee for Bad Boy.

The story of Bad Boy began in 1953, with Mel Lastman, a flamboyant Toronto appliance salesman who went on to become mayor of the city. That year, his future wife, Marilyn, got her husband a salesman job at an appliance store in Toronto. A year later, he purchased the Heather Hill Appliance store. With advice from a friend in marketing, 1955 saw the birth of the first Bad Boy store. By 1990, Bad Boy had a chain of more than 40 stores. In 1991, Mel’s son Blayne revitalized the image of stores, including the now famous slogan “Noooobody!” Mel died in 2021. Now his legacy of stores is closing forever.

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