Mike Holmes-endorsed reno company says it’s closing down, blames CBC News investigation [Video]

A home renovation company endorsed by celebrity contractor Mike Holmes said Tuesday it is closing down, blaming CBC News coverage. 

“Due to actions taken by CBC, our company’s reputation has been severely impacted, making it financially impossible for us to continue operations,” wrote Ivan Atanasov, CEO of Ontario-based AGM Renovations, in a letter to the company’s tradespeople, vendors and contractors.

“Despite our relentless efforts to recover, the extent of the damage has left us with no viable path forward,” he wrote. “AGM… will be permanently closed.”

CBC News reported two stories on AGM this month: the first by Marketplace, about celebrity-backed home projects, and the second, an investigation focused on electrical problems.

Each featured AGM customers who complained of shoddy work, and say Holmes’ endorsement influenced their decision to hire AGM — a decision they now regret.

In the second report, two customers complained that AGM did “hazardous” electrical work. In one case, contrary …