Revelle Home Fashions to close after 44 years
by CM Staff
The company will be liquidating through a store front open to the public at their warehouse located at 74 Wildcat Road, Toronto.
TORONTO — Revelle Home Fashions announced that it be will closing the company and immediately commencing a liquidation sale.
The company will be liquidating through a store front open to the public at their warehouse located at 74 Wildcat Road, Toronto, their online store, and through wholesale distribution.
Revelle is a Canadian brand known for its range of fabric styles. Their products are manufactured in Canada using European fabrics, 100 per cent Egyptian cottons, fine woven sateens, and high thread-count jacquard linens.
The liquidation sale will include all newly manufactured and current collection products including duvets, duvet covers, sheet sets, pillows, quilts, and blankets.
Barbara Grnak and Freddy Faust co-founded Revelle in 1978. The owners operated a retail storefront in Toronto called Featherdown Fine Linens that was located in the heart of Yorkville and a Toronto manufacturing facility, Down-Town Duvets.
Grnak and Faust said their decision to close the business was not an easy one to make. They made their best efforts to mitigate current economic conditions including inflated prices for raw materials and higher transportation costs; ultimately, they were unable to absorb the sharp increases in rent expense.
The liquidation sale starts this week and will run until early November. At the conclusion of the liquidation sale, the company will hold a public auction to sell off all the manufacturing equipment, store fixtures, and remaining raw materials.
