An Ontario court has granted Bad Boy Furniture Warehouse Ltd. permission to begin liquidating its stores as it works to restructure the business.
A court order given by Judge Herman Wilton-Siegel on Nov. 17 allowed the Pickering, Ont.-based furniture company known for its zany television and radio ads boasting “nooobody” could beat its prices to immediately start selling off its merchandise.
Documents filed with the Superior Court of Justice say sales will occur at the brand’s 12 stores located in southern Ontario for the first 30 days of its liquidation period.
After that period, the documents say some stores will close and consolidate while others will remain open. Under the court order, the liquidation sales must end across the company’s entire network by Feb. 15.
The permission to liquidate comes as the company, which was started by former Toronto mayor Mel Lastman in the 1950’s and revived by his son …