Adventure Electronics Inc (Aventure Électronique in Quebec) was a Canadian consumer electronics retailer with its old head office located in Anjou, Quebec. Smaller stores, sized much like RadioShack, were called Aventure Boutique. At that time, it was once Canada's third-largest consumer electronics retailer after RadioShack and Future Shop.
Founded in 1989 by Robert Fragman, it went bankrupt on November 16, 1998. All Adventure Electronics' 143 stores were closed, and 1,271 jobs were lost within 85 stores in Québec and 58 in Ontario. 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 into Quebec in 1995.
With the demise of Adventure Electronics in 1998, this left Future Shop as its only big-box consumer electronics retailer until Best Buy acquired Future Shop in 2001, leading for Best Buy to open locations in Canada for 2002.
Other articles related to "electronics, adventure":
... Wall — Bermuda Triangle — Berzerk — 1980 Stern Electronics Shooter game 2 Best Bout Boxing — Big Buck Hunter — Big Bucks Trivia — Big ... — 1990 Sega 2 Bongo — Bonk's Adventure B.C ... PC Genjin 1994 Kaneko Platform game 2 Bonze Adventure — 1988 Taito Action 1 Boogie Wings — 1992 Data East Scrolling shooter 2 Boomer Rang'r Genesis 1983 Data East Action-Adven ...
Famous quotes containing the words electronics and/or adventure:
“We live in a highly industrialized society and every member of the Black nation must be as academically and technologically developed as possible. To wage a revolution, we need competent teachers, doctors, nurses, electronics experts, chemists, biologists, physicists, political scientists, and so on and so forth. Black women sitting at home reading bedtime stories to their children are just not going to make it.”
—Frances Beale, African American feminist and civil rights activist. The Black Woman, ch. 14 (1970)
“Falling in love is the right adventure for those who dislike sports and travel.”
—Mason Cooley (b. 1927)