Women's clothing retailer Jacob will close its stores across the country, QMI Agency has learned.
The Quebec-based chain announced the decision to employees early Tuesday.
In an e-mail, Jacob spokeswoman Christelle Basmaji said the stores will remain open for a few weeks to liquidate inventory.
According to Jacob's website, the brand operates 100 stores and employs 1,500 workers.
Jacob went through a financial restructuring in recent years. It was placed in creditor protection in November 2010 after posting losses of $45 million in three years.
The Montreal-based company was founded in Sorel, Que., in the late 1970s by Joey Basmaji.