Bowring Canada and Bombay & Co., Inc have declared insolvency and obtained protection from creditors. They had previously filed for creditor protection and restructured in August 2015. After the 2015 restructuring, they closed 50 stores and laid off 164 employees.
Currently there are 43 Bombay & Co stores and 38 Bowring Stores. Fluid Brands, the parent company of both retailers, is currently about $50 million in debt. In the insolvency phase, the companies may restructure or simply start closing stores.