(Quebec) Claiming that Desjardins has “frozen” its accounts, the processing specialist kitchen and bathroom stops Réno Kitchen “temporarily” its activities.
For now, forty employees are unemployed. Customers are also left out in the ongoing projects in their residence being abandoned.
In a press release issued late Tuesday afternoon, the company that owns five showrooms in Quebec City, Lévis and Repentigny reported an “exceptional situation beyond our control.”
“Never thought we would have a company as serious as Desjardins may suspend bank accounts and deposits made by customers, so vital to our operations.”
Réno kitchen does not comment further on the nature of its dispute with Desjardins.
Taken by surprise by the release of his client, Desjardins was not able on Tuesday to verify the allegations contained in the press release of Réno kitchen. In addition, the financial institution does not usually comment publicly on the state of his relationship with one of its customers in particular, said one of the spokesman of the Mouvement Desjardins, Richard Lacasse.
In an interview to the Sun, one of the co-owners of Réno Kitchen, Christian Giroux, limited himself to saying that he wished to come quickly to ground with Desjardins.
In its statement, the leadership of Réno Kitchen recalls that, like any other company, it must have access to its bank accounts.
“Unable to use them, we can further serve our many customers and pay our employees.” Réno Kitchen speaks of “numerous consequences” for its employees, its suppliers and its customers “since their current deposits are among others connected those accounts. They will also be likely to live a non-completed construction situation with all the stress and inconvenience that it generates […] We are deeply sorry for this. ”
Growth “very fast”
The company specializes in processing kitchens and bathrooms recalls in its statement, she knew growing “very fast” on its activities in recent years.
This means that liquidity needs are great to meet the demands of this growth spurt.
“Over the past months, Reno Cuisine tried everything to avoid reaching this situation,” says the company, owned by Christian Giroux and Maxime Nadeau. “The money injections were made by the owners. Employees rallied. A significant cost reduction took place. Investors have shown interest and have taken steps. An agreement has been submitted and accepted by our suppliers. ”