EATON'S TO BOARD UP 18 STORES
By Adnews Staff
T. Eaton Co. Ltd. of Toronto will close 18 of its most unprofitable stores by next February. Seven are set to close June 30: four in Ontario, two in Montreal and one in Victoria, B.C. Others closing are in Alberta, Ontario, Saskatchewan, Manitoba, Ontario and Nova Scotia. Eaton's filed for protection under the Companies' Creditors Arrangement Act in February owing $300 million to creditors. It has until June 15 to file a restructuring plan.
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