Calgary-based Swimco goes bankrupt after 45 years in beachwear business

Swimco has declared bankruptcy and closed all store locations “until further notice,” according to a recent announcement on its website.

“Thank you for all the support and memories you gave us during this adventure,” the company said.

Tweet This Click to share quote on Twitter: "Thank you for all the support and memories you gave us during this adventure," the company said.

The Canadian swimwear retailer — which started with mail-in orders in 1975 and opened its first store in Calgary in 1982 — closed all shops on Oct. 10. Swimco went bankrupt after it was “unable to make a viable proposal” to restructure the business.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Sign up for breaking National newsletter Sign Up

By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Swimco’s online store remains open, with all sales final and no gift cards accepted.

Deloitte Restructuring Inc. was appointed as a trustee to manage the bankruptcy.

Swimco closed six of its 25 stores earlier this year in response to the COVID-19 pandemic, according to Brett Bacon, Swimco’s operations manager.