LAVAL, Que. — On Feb. 23, Laval-based Groupe Dumoulin, a major hotel sector supplier of in-room televisions, filed for protection under the Companies’ Creditors Arrangements Act (CCAA) in the Superior Court of Quebec to “refocus on its retail operations.” It blamed “problems with the main supplier of Hotel Solutions U.S.A. Inc.”

The company’s Hotel Solutions Division, which had five of the major hotel chains as its clients, was closed immediately with most of its employees terminated. Hotel Solutions is reported to have sold more than $150 million of electronics in the last four years, but last September Samsung America sent Hotel Solutions U.S.A. Inc. a letter stating it no longer wanted to be in partnership to sell to institutions.

Dumoulin also operates six corporate retails stores, which will be closed and had 89 franchises stores under Dumoulin and Audiotronic banners, which will continue to operate, according to a press release issued on behalf of the company since they “are not part of the restructuring strategy nor under the umbrella of the CCAA.”

For more information, click here.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.