Hide House files for protection under the BIA

Posted in the Georgetown Forum

lot from town

Hamilton, Canada

#1 Feb 27, 2008
Hide House files for protection under the BIA
TORONTO, Feb. 27 /CNW/- Acton's famous olde HIDE HOUSE now with stores
in Toronto and Vaughan, Ontario has filed an NOI (notice of intention to make
a proposal to its creditors) under the Bankruptcy and Insolvency Act. The well
known and respected Ontario retailer, synonymous with high quality leather
fashions and leather furniture, is hopeful that it can restructure its
operations and continue to service the Southern Ontario marketplace from, at
the very least, its flagship store in Acton. In the interim, the company must
clear inventory immediately.
John Brison, president of the HIDE HOUSE, commented "It is with a great
deal of regret that, due to extremely difficult business conditions this past
fall and early winter, we have resorted to provisions of the BIA in order to
allow the company the necessary time to reorganize its finances, reduce its
existing cost structure and, in turn, restore future profitability and
viability to the business." The firm of Ira Smith Trustee & Receiver Inc. has
consented to act as monitor under the proceedings. Brison also went on to say
that "warm weather early in the season, cross border shopping and increased
overheads from expansion created a perfect storm of negative business
variables during the fourth quarter of 2007." The company's complete inventory
is being liquidated under the direction of Danbury Sales, a well known
liquidation firm, from all three HIDE HOUSE locations; Acton, Ontario (the
original location); downtown Toronto on King West; and just north of Toronto,
in their newest showroom in Vaughan. Their 2007/2008 fashionable leather
collection of short and full-length coats; leather and suede sportswear;
shearlings; bombers; motorcycle apparel; wool coats; accessories plus their
entire line of quality hand-crafted leather sofas, chairs, recliners,
ottomans, accent pieces and dining room suites is being sold at great
discounts.
The HIDE HOUSE story began in 1829 when three brothers from New York
(Rufus, Zenas and Ezra Adams) moved north and acquired parcels of land
north-east of Guelph, Ontario from the Canada Company. By 1842, they had
amassed 500 acres in the newly created 'Adamsville'. By 1844, a Post Office
was built and the town's name officially became Acton. In 1856, the Grand
Trunk Railway arrived as did George L. Beardmore who updated an existing
leather tanning operation with newer buildings and machinery to create the
most modern tannery of the time. Before long, the leather business was the
major industry in Acton and, by the turn of the last century, housed the
largest tanning operation in the entire British Empire!
In 1899, the company built the existing "HIDE HOUSE" building as a
tannery warehouse. Raw hides were brought in by rail and properly stored there
to await transportation by horse-drawn carriages to the tannery for
processing. In 1980, Frank Heller and Company, a split leather manufacturer,
moved their operations out of the building and an extensive restoration
transformed the historic building into a flagship showroom that showcased
Acton's leather industry heritage and presented a unique shopping experience
that enticed visitors from across the immediate area and afar into other
provinces and the U.S.A. The popular slogan "It's worth the drive to Acton"
has become part of the local lexicon and fashion consciousness in Ontario and
beyo
wast of taxs

Hamilton, Canada

#2 Feb 27, 2008
The town bought the parking lot from the CN railroad and was it not contaminated and they rent it to the hide house in Acton it is good for nothing cost to much to clean up
Halton Hiller

Richmond Hill, Canada

#3 Feb 28, 2008
I guess they figured out, like so many others who have invested in our community, that it really isn't worth the drive to Acton.
Coach

Pembroke, Canada

#4 Feb 28, 2008
Halton Hiller wrote:
I guess they figured out, like so many others who have invested in our community, that it really isn't worth the drive to Acton.
AMEN. Nothing left to do but sit back now, and watch what happens to our property values when gas hits 150 litre.
People moving Out

Toronto, Canada

#5 Feb 28, 2008
They're dumping Homes to move closer to GTA already
Yul Nevano

Pembroke, Canada

#6 Feb 28, 2008
Many of our own council members, such as Mayor Bonnette, isn't willing to invest in our communities. In fact, council failed to recognise any value in linking Acton and Georgetown to where most of us commute, our neighbouring urban centres.

Council thought public transit means buses on all main thoroughfares, and that is what it means in most urban centres. But in rural communities, public transit should be linking communities together.

The communities of Halton Hills would have best benefitted, to start, simply with a few busses commuting on a route that travels from Brampton's Go Station - most eastern stop on Hwy. 7, where it also connects with Brampton's Transit System, through Georgetown on Hwy 7 to Acton, and down Hwy. 25 to Milton's Go Station where it would also connect to Milton's Transit System.

The Mayor's always talking about; "thinking outside the box". Could it be he's just, all talk? ;-)

Yul Nevano

Pembroke, Canada

#7 Feb 28, 2008
WOW! Huge sentence, eh?
ask the shredder

Hamilton, Canada

#8 Feb 28, 2008
Did the mayor have a travel Business there and dont Clarky have a pub in there some place
Ted boy

Hamilton, Canada

#9 Feb 28, 2008
Mr Ted Chudleigh (Halton): My former page's parents are not here. However, the mayor of Halton Hills, Rick Bonnette, and his wife, Josey, are here, and I'd like to recognize them.
Ted boy

Hamilton, Canada

#10 Feb 28, 2008
Mr Ted Chudleigh (Halton): My question is for the Minister of Health.

Interjection.

Mr Chudleigh: Well, there might be a small twist on it.

Earlier today, Minister, there were, I think, about 300 citizens from Halton Hills, who were at the Legislature rallying to save the obstetrics unit at Georgetown hospital. They brought with them 7,000 petitions that were raised in just eight days. So you can see that a hospital in a small town is a very passionate issue, Minister, and I appreciate very much the answer you gave to the leader of the third party just a few minutes ago.

Obviously, this is a new area we're trending into. There are three campuses of this hospital, the Georgetown campus being the smallest of the three. There is obviously a way to manage these hospitals that isn't currently in vogue in Ontario.

I'm asking, Minister, would you strike a committee and put some people from Georgetown on this committee, some people from Halton Hills, to try to find a solution that will not let the big hospitals beat up on the small guy? Will you do that, Mr Minister?

Hon Mr Smitherman: It's interesting, isn't it, that the member goes out of his way to mention that there are some significant challenges associated with operating a three-site hospital that was the design of the government he was a part of for eight years? Let's face the facts: There are challenges at William Osler hospital and they're very significant, and it's your creation
Bob

Pembroke, Canada

#11 Feb 29, 2008
Tell it like it is wrote:
were did the tree from from on top of the hill in norval befour they sold the land for 64 million to pay the charge on them in the sex case
I doubt it got lost in your vocabulary.
Steve Arnold

Toronto, Canada

#12 Feb 29, 2008
Earlier this week the company filed a notice of intention to make a proposal to creditors - meaning it will ask creditors to restructure more than $5 million in debts in order to keep the company alive.
The company's court filing, posted on the Internet site of receiver Ira Smith Trustee & Receiver Inc., shows debts of just over $5 million. Secured creditors owed $2.8 million, with the bulk of that due to two numbered companies. The rest is owed to unsecured creditors, including $220,000 to the Toronto Star (The Spectator is owned by the same parent company),$54,000 in provincial sales taxes and $22,000 to the Canada Revenue Agency.

Smith's site also advises holders of gift certificates and people who ordered goods, but didn't receive them before Feb. 22, to join the queue of unsecured creditors.

During the peak season, the company employs about 100 people. There are 60 now, with 40 located in Acton...

http://www.thespec.com/article/332420
McGhoo

Pembroke, Canada

#13 Mar 1, 2008
"The rest is owed to unsecured creditors, including $220,000 to the Toronto Star (The Spectator is owned by the same parent company)"

i.e., Metroland.

Metroland owns The Georgetown Independent & Free Press.

LMFAO!~
ABIA member

Pembroke, Canada

#14 Mar 1, 2008
I wonder if Clark had a hand in its demise? He was employed by the Hide House.

Hey Clarky, are you going to tell the Independent's, how much $ is back owed in taxes to the town?

Watch for the same thing to happen at another one of Clarky's haunts, the Tanner.

I suppose we'll all be reaching a bit further in our pockets to make up for the BIA's shortfall, and help pay for Josey's office salary, now.

Hire a-holes, don't complain when all they produce sh*t. Elect a-holes, don't complain when your community turns to sh*t.
Halton Watcher

Toronto, Canada

#15 Mar 1, 2008
Another ABIA business bites the dust
Carla Snels of the ABIA's recently closed Doll Emporium comments on the parking woes the Acton Business Improvement Area (ABIA) created for her business.
Tags // Acton Halton Hills Mayor Bonnette Herald ABIA Josie
Source: AOL Video
Added: Thu, 21 Feb 2008 21:53:35 -0500
http://video.africahit.com/search_result.php...
Downtown BIAs

Toronto, Canada

#16 Mar 1, 2008
Walkerton E. coli payout tops $65M but angry businesses feel shut out

Posted by roboblogger on Sunday Feb 17 | via Canoe

“It's been a year since we sent in the last pile of information they wanted and I haven't heard a damn thing”

More than $65 million has been paid so far to the victims of Canada's worst-ever E. coli tragedy, but businesses hit hard by the crisis say they have seen little of the promised compensation - and some blame ...

http://www.topix.com/ca/walkerton-on/2008/02/...

Related Topix: Canada, Insurance, Financial Services, Crawford ,
EOS

Toronto, Canada

#17 Mar 2, 2008
Why don't you start a Walkerton forum?
We Checked

Toronto, Canada

#18 Mar 5, 2008
already is a Walkerton forum there & H20 report will be impacting Halton Commercial Business's this Year

“Looking for Carlos”

Since: Feb 08

Toronto, Canada

#19 Mar 9, 2008
Yul Nevano wrote:
Many of our own council members, such as Mayor Bonnette, isn't willing to invest in our communities. In fact, council failed to recognise any value in linking Acton and Georgetown to where most of us commute, our neighbouring urban centres.
We, in the Glen, definitely don't want to be linked to the rest of the community. With exception to their tax base, I especially want to remain completely disconnected from Hornby.
TAXPAYER MIKE

Hawkesbury, Canada

#20 Apr 3, 2013
SICK of paying tax for nothing getting done

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