CFN started to get calls and messages early this morning stating that staff at Cornwall Square were let go.
The mall mysteriously was announced to be sold at a fire sale rate after previous announcements of part of it to be demolished and the mall repurposed. Oddly enough the name of the buyers was never mentioned?
CFN learned that Groupe Mach out of Montreal, run by President Vincent Chiara who has worked with the Saputo group in the past, may be the buyer. Saputo was alleged to have been rebuffed in purchasing the Domtar lands previously.
Calls to Groupe Mach were finally answered with standard denials. Calls to Cornwall Square were answered by “No Comment”.
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