Business
Winnipeg Free Press - PRINT EDITION
Former van line franchisee in receivership
Premiere Van Lines Inc. head office in Mississauga parted company with its former Manitoba franchisor, James Kenneth Trann, at the end of February.
The firm was placed into receivership earlier this month owing about $900,000 to the Business Development Bank of Canada and the HSBS, as well as about $600,000 to unsecured creditors.
Jeff Wharton, longtime owner of Globe Moving and Storage and an Atlas Van Lines agent, has since acquired the Manitoba franchise for Premiere Van Lines and it is operating normally as part of the national organization.
Premiere Van Lines has franchises across the country owned by independent trucking firms.
The Premiere Van Lines franchisees are also agents for Atlas Van Lines.
Walt Peniuk, president of Premiere Van Lines in Mississauga, said the company's franchises are generally in good shape, although he said business is down from where it was a year ago.
He said in addition to doing residential moving, many franchisees also do office and home deliveries for retailers like Sears and Ikea.
Republished from the Winnipeg Free Press print edition May 20, 2009 B9
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1 Comments
Posted by: john shantz
May 20, 2009 at 10:29 PM
Premiere is a startup venture by the former CEO of AMJ Campbell van lines. Obviously things can't be going too well for them or they would have stepped in before the Winnipeg franchise got to this stage.