If you recently showed up to a Club Monaco location and found it locked — or spotted an eviction notice on the door — it’s a fair question to ask whether the brand is done entirely. The short answer is no, but the longer answer is more complicated.
Club Monaco is still operating. But it is a significantly smaller brand than it was even a few years ago, and the warning signs coming out of its North American stores are hard to ignore. Here’s what’s actually happening.
Club Monaco Is Not Bankrupt, But It Is Much Smaller Than It Used to Be
As of early 2026, no formal bankruptcy or liquidation filing has been made. The brand’s e-commerce store is active, with current collections, new arrivals, and sale promotions running. That matters — it means the business is still functioning at some level.
But the physical store network has been cut down dramatically. At its peak, Club Monaco had more than 140 locations worldwide. By late 2025, that had shrunk to roughly 14 stores in Canada and 5 in the United States — and closures have continued into early 2026.
The important distinction here is between a brand going completely out of business and one that is aggressively shrinking its physical footprint. Club Monaco is clearly doing the latter. Whether it eventually becomes the former depends on decisions that haven’t been made public yet.
A Timeline of Recent Store Closures in Canada and the U.S.
The closures haven’t happened all at once. They’ve been building steadily, and the pace has picked up recently.
Canada
In 2022, Club Monaco closed its Bloor Street flagship in Toronto — a location inside the historic Lillian Massey building. That was an early sign of contraction in a city where the brand had deep roots.
In 2025, more closures followed. The CF Toronto Eaton Centre location shut in June. The men’s store at Yorkdale Shopping Centre closed in the fall. Then, in December 2025, the brand’s original Queen Street West store — open since 1985, making it one of the first Club Monaco stores ever — closed after roughly 40 years. That one was widely described as the end of an era.
In January 2026, the North Yonge Toronto location received a formal eviction notice. The landlord alleged approximately $133,917 in unpaid rent, changed the locks, and terminated the lease.
By early 2026, only four Club Monaco locations remained in Ontario: CF Sherway Gardens, Yorkdale, Square One, and Promenade.
United States
The U.S. side has followed a similar pattern. By late 2025, roughly five stores remained — Beverly Hills, Beverly Center in Los Angeles, Fifth Avenue and SoHo in New York City, and the Prudential Center in Boston. Since then, Boston and a few others have also closed, leaving around four U.S. locations.
This is not a one-time restructuring. It’s an ongoing contraction across both major markets.
The Financial Stress Behind the Closures
Store closures alone don’t always mean a brand is in serious trouble — sometimes they’re strategic. But the legal disputes around Club Monaco’s exits suggest something more than planned optimization.
In August 2025, New York-based landlord RFR Holding filed suit against Club Monaco, alleging more than $800,000 in unpaid rent at the shuttered Flatiron location at 160 Fifth Avenue. The total claim, including additional charges and legal fees, exceeded $1 million. According to The Real Deal, Club Monaco had vacated the space on July 31 but allegedly stopped paying rent before that.
Then in January 2026, a formal eviction notice appeared at the North Yonge Toronto store, with the landlord claiming roughly $134,000 in unpaid rent before changing the locks.
It’s worth being clear: a lawsuit and an eviction notice are allegations, not court findings. Either situation could reflect a lease dispute, a deliberate decision to walk away from unprofitable locations, or a cash-flow problem. The brand has not made public statements confirming the details behind these specific cases.
That said, when similar incidents happen across multiple cities in a short span of time, that’s not noise. It’s a pattern. And patterns like this typically point to a company under real financial pressure — one that is choosing which obligations to meet and which to let go.
What Changed After Ralph Lauren Sold the Brand to Regent, L.P.
To understand the current situation, you have to go back to 2021. Club Monaco was founded in Toronto in 1985 and later acquired by Ralph Lauren Corporation. In May 2021, Ralph Lauren announced it was selling Club Monaco to Regent, L.P., a Los Angeles-based private equity firm. The deal closed in June 2021.
Private equity ownership changes how a brand is managed. The typical playbook involves identifying which parts of the business are profitable, cutting what isn’t, renegotiating leases, and either repositioning the brand or preparing it for a future sale. This often means closing stores that drag on margins, especially in high-rent markets like New York and Toronto.
That logic isn’t wrong on its own. But when the cuts happen fast, when landlords start filing lawsuits, and when flagship stores that defined the brand for decades start shutting down, it raises the question of whether the strategy is controlled cost-cutting or something closer to distress management.
Regent has not made detailed public statements about their long-term plans for the brand, so it’s impossible to say definitively which scenario this is. What’s observable is the outcome: a significantly smaller retail footprint and a growing list of legal disputes with landlords.
Where Club Monaco’s International Presence Still Stands
It’s easy to focus on Canada and the U.S. because that’s where most of the recent news has come from. But Club Monaco historically has had a broader global presence — stores in Hong Kong, Taiwan, South Korea, mainland China, Singapore, Malaysia, the UAE, Saudi Arabia, Sweden, Turkey, and the UK, among others.
Whether those international locations are on a different trajectory or facing similar pressures is harder to confirm. Exact current store counts for international markets aren’t easily verified from public reporting, and franchise or partner-operated stores can operate under different agreements than directly owned locations. For now, treat international presence as a possible stabilizer, but not a confirmed one.
Where Can You Still Shop Club Monaco?
If your local store has closed, online is your most reliable option. The Club Monaco website is active and operational, with products available for delivery. That’s the clearest indicator that the brand hasn’t shut down entirely.
For physical stores, a small number of Canadian locations remain in the Greater Toronto Area (Sherway Gardens, Yorkdale, Square One, Promenade), along with select stores in Vancouver, Calgary, Ottawa, and Montreal — though some of those have also seen recent closures. In the U.S., a handful of stores remain in New York City and Los Angeles as of early 2026.
Given how quickly the situation is changing, the best approach is to check Club Monaco’s official store locator directly before making a trip. Don’t rely on a year-old Google result or a shopping center’s website.
If you have gift cards or returns to process, those policies remain in force while the brand is still operating. But it’s reasonable to use gift cards sooner rather than later, and to verify the current return policy before assuming anything.
What This Tells Us About Mid-Market Fashion More Broadly
Club Monaco’s situation isn’t entirely unique. Mid-market fashion brands that built their identity around urban flagship stores and high-end mall locations have struggled to adapt to a few compounding shifts: rising commercial rents, competition from fast fashion and online-only brands, and post-pandemic changes in how people dress for work.
Brands in this space — not cheap, not luxury — often find themselves squeezed from both directions. They can’t compete on price with fast fashion, and they can’t command the margins or brand loyalty that true luxury labels can. When physical retail was the primary channel, that tension was manageable. Now it isn’t.
For business owners and retail professionals watching this, Club Monaco is a useful case study. The lesson isn’t just about one brand — it’s about what happens when a company delays tough decisions about its real estate footprint until those decisions get made for them by landlords.
If you follow retail trends or run a consumer-facing business, Small Business Byte covers the kind of practical business analysis that helps you spot these patterns early in your own market.
The Bottom Line
Club Monaco is not going out of business in the sense of a complete shutdown or bankruptcy. But calling it “business as usual” would also be inaccurate. The brand is visibly contracting, facing legal pressure from landlords in both Canada and the U.S., and operating with a fraction of the store count it had just a few years ago.
If you’re a customer, you can still shop online and at a small number of remaining locations — just verify which ones are still open. If you’re watching this as a business story, the more useful question isn’t whether Club Monaco is fully gone. It’s whether the remaining business has enough scale and financial stability to sustain itself. Based on current evidence, that’s genuinely uncertain.
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