Canadian designer Lida Baday is going out of business—and having a massive closing sale

Toronto-based designer Lida Baday, who has been designing her eponymous fashion label since 1987, is going out of business. A mainstay in Holt Renfrew’s Fashion Week shows of seasons past, her ready-to-wear collections are currently displayed across North America in small boutiques as well as retailers like The Bay, Saks Fifth Avenue and Nordstrom (she has a showroom in New York as well as Toronto). Her expertly tailored, sophisticated designs have even been known to show up powerful celebrities like Oprah. Says Baday about her line: “Our attention to detail is meticulous, though in the end the detail itself may be virtually indiscernible.”

While the closure is sad news for the Canadian fashion community, there is an upside: Baday’s Toronto studio will be holding a two-day closing sale starting at the end of next week (that is, June 20). All samples—even this season’s collection—will be marked down to $80 or less. Considering that a simple sleeveless dress from the designer can fetch up to $1,900, shoppers can expect some serious savings. Baday’s Fabric Room, an appointment-only showroom of luxurious overstock material, will remain open, although some of its stock will also be selling at a discount.

Jun. 20-21. 70 Claremont St., lidabaday.com