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The Ontario court has granted Comark Holdings Inc. a license to sell its piracy business to its parent company’s subsidiary.
The sale approved by Ontario Superior Court Judge Peter Cavanagh will allow the apparel retailer’s numbered parent company to operate a pirated store through its member warehouse One Clothing Ltd.
Founded in 1971, Bootlegger has 53 independent stores, 19 shared with Ricki and Cleo, Brands Comark sold to Toys “R” U.S. Canadian owner Putman Investments for $14.4 million as part of its recent creditor protection process.
Court documents say several parties were interested in buying pirates, but no one ended up bidding on the company, paving the way for retailers to use their parents and the cell phones in warehouse One.
The purchaser has reached an agreement with the pirate’s landlord to retain 45 leases, the document says. Some will be converted to warehouse One stores, while others will continue under the Bootlegger brand.
The deal is expected to end this month. Within two days after the transaction is concluded, employees at the reserved location will receive a termination notice and then the employment opportunity for Warehouse One.
“We are delighted to bring together two Canadian companies that have been the cornerstone of the Canadian denim retail landscape for more than 50 years,” said one of the warehouse presidents Paul Reid in an email to Canadian media.
“Combining our retail footprint and an outstanding team, these long-standing Canadian brands have the opportunity to thrive.”
This report by Canadian media was first released on April 12, 2025.
Tara Deschamps, Canadian media
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