Most Recent Articles In Fashion Features
Latest Fashion Features Articles
MONTREAL -- D'Allaird's Stores Inc., a division of Marks & Spencer Canada Inc., reached an agreement to sell its manufacturing division, Modes D'Allaird's, to a company headed by Denis Buisson, a manufacturer here.
Buisson has been a supplier to D'Allaird's for a number of years.
Terms were not disclosed.
Modes D'Allaird's will continue to be a D'Allaird's supplier, Marks & Spencer Canada said. The 202 unionized employees at Modes will keep their jobs, but fewer than 10 nonunion employees will be let go, the company said.
Clive Nickolds, president of Marks & Spencer Canada, said the sale is part of a strategy started in 1992 to strengthen operations and return the 99 D'Allaird's stores to profitability.