Business

DAVIDsTEA shuts Langley outlet, more than 100 other stores


Canadian company DAVIDsTEA is closing its Langley store.


The DAVIDsTEA outlet in Langley’s Willowbrook Shopping Centre will permanently close as the company shuts the vast majority of its physical outlets in Canada and the U.S.


DAVIDsTEA announced in early July that it would be restructuring under the Companies Creditors Arrangement Act (CCAA), with its U.S. stores filing under Chapter 15 of the U.S. Bankruptcy Code.


“I sincerely regret the impact the restructuring of our business will have on some of our exceptional and passionate employees,” said Herschel Segal, the company’s founder and interim CEO.


The company aims to transform itself into a largely online distributor now.


Most of the stores in the Willowbrook Shopping Centre have re-opened since the end of the pandemic.






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