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His marriage to Michelle Lorenz is still on, but the tuxedos are now his isabel marant shop online for keeps. Syd 39588269 latest nike shoes Silver Formals Inc. has declared bankruptcy after 82 years in business.
"When I went to pick up the tuxedos they said keep them. You don't have to return them. And 00242480 nike air max plus I'm like what?" said Singh, a cheap isabel marant 38-year-old phone company technician who lives in Rockwood, near Guelph.
There really was a Syd Silver, who started the business in 1927 with a single shop on Yonge St. near College St. It grew to become the country's leading tuxedo retailer, one celine handbags sale that is linked in the minds of many Canadians with weddings, graduations and other major life events.
With Christmas upon us, Syd Silver, the company, is closing its 17 stores, ending its relationship with 500 other retailers and throwing 95 people out of work.
A victim of increasing competition and a shrinking marketplace, the company owed $4.5 million, according to documents filed with the celine luggage Ontario Superior Court of Justice on Dec. 8.
"It's pretty simple," said Syd's son, Michael Silver. "Competition, lower pricing and the market is shrinking. This year, it finally took its toll."
Weddings are the formal wear industry's mainstay shop isabel marant and during the uncertain economic period last mulberry outlet year right after Christmas, more people postponed their plans or reduced the size of their wedding parties, Silver said.
High school proms were less elaborate.
More people wore suits, instead of tuxedos, to black tie events.
But unlike previous recessions, Silver said competition had increased dramatically. But this time was different. There were "deep discounts and significant promotions we couldn't meet."
He compared it to the decision by Dack's Shoes to file for bankruptcy earlier this month. Another Canadian icon, the men's footwear chain, known for its quality, had been in business for 175 years.
Syd Silver will begin formal liquidation proceedings sometime next week.
The merchandise in the stores is being offered for sale at rental prices, according to a isabel marant store manager at the Mississauga Hurontario St. store.
"The 63036697 wide nike shoes only thing I'm concerned about now is our employees celine luggage and our creditors," Silver isabel marant sneakers said when asked what 96039942 women nike running shoes he's planning mulberry outlet uk to do after the business is wound up.
As for Singh, he's not sure what to do with the $900 worth of tuxedos and coordinating shirts, shoes, cufflinks and socks he now owns for life.
"I told the guys every time we have a party I'm wearing the tux," he said, laughing. "It would make a great costume. I'm thinking magician next Halloween. We'll start with that."
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