Advertisement

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

Swimco has declared bankruptcy. Getty Images

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.

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 the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

Get daily National news

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.
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.

Story continues below advertisement

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.

Sponsored content

AdChoices