- Adventure Electronics
Adventure Electronics Inc (Aventure Électronique in
Quebec ) was a Canadianconsumer electronics retailer with its old head office located inAnjou, Quebec . Smaller stores, sized much likeRadioShack , were called Aventure Boutique. At that time, it was onceCanada 's third-largest consumer electronics retailer after RadioShack andFuture Shop .Founded in
1989 byRobert Fragman , it went bankrupt onNovember 16 ,1998 . All Adventure Electronics' 143 stores were closed, and 1,271 jobs were lost within 85 stores inQuébec and 58 inOntario . In an official statement, the leaders of this chain of distribution of electronic products stress that their decision was made inevitable following the loss of the financial support their principal creditors.Scotiabank , by far the principal creditor guaranteed with a credit of almost CAD$36,000,000, had given an opinion of defect one week ago and half. Adventure Electronics, not having been able to find the funds necessary to the re-establishment of its situation, the chain, which was committed in a plan of rectification since the beginning of 1998, had to resign itself to close its 143 stores. This was blamed on rival Future Shop's expansion intoQuebec in1995 .With the demise of Adventure Electronics in 1998, this left
Future Shop as its only big-box consumer electronics retailer untilBest Buy expanded into Canada in2002 .
Wikimedia Foundation. 2010.