TORONTO — Mastermind says it will stop honouring gift cards after Christmas Eve.
The distressed toy retailer says in court filings that gift cards won’t be accepted at its stores after Dec. 24.
The filings made with Ontario’s Superior Court of Justice show the chain’s customers hold about $5.6 million in outstanding gift cards.
Get breaking National news
However, Toronto-based Mastermind recently stopped selling and activating new cards.
The company filed for creditor protection last month, citing increasing competition and disruptions from the COVID-19 pandemic, which have become too significant to overcome. It plans to close at least 18 of its 66 stores as part of the filing.
- U.S. links Toronto consulate shooting to alleged Iranian-backed commander
- Another man has died while waiting for care at hospital: Alberta Medical Association
- Quebec Premier Christine Fréchette to meet Macron in Paris on economic mission
- Cineplex to screen select FIFA World Cup 2026 matches in theatres across Canada
In early December, a trio of retailer names including Joe Mimran banded together to buy the bulk of the company’s assets.
Comments
Want to discuss? Please read our Commenting Policy first.