1w ago

Mike Holmes-endorsed reno company says it's closing down, blames CBC News investigation

www.cbc.ca /news/business/agm-reno-company-closing-mike-holmes-1.7460334

"Due to actions taken by CBC, our company's reputation has been severely impacted, making it financially impossible for us to continue operations," wrote Ivan Atanasov, CEO of Ontario-based AGM Renovations, in a letter to the company's tradespeople, vendors and contractors.

"Despite our relentless efforts to recover, the extent of the damage has left us with no viable path forward," he wrote. "AGM… will be permanently closed."

CBC News reported two stories on AGM this month: the first by Marketplace, about celebrity-backed home projects, and the second, an investigation focused on electrical problems.

6 comments

If your work is so bad you end up on cbc marketplace you probably should be closing.

"Due to actions taken by CBC, our company's reputation has been severely impacted, making it financially impossible for us to continue operations,"
Yes, it's the CBC's fault for saying what you did, not your fault for doing what you did. OK...
- They’re technically correct.
  They never said the actions were false or misleading, just that they distorted their reputation.

uh huh
- Gotta blame somebody for their stupidity and duplicity.
  In this instance "do the crime, do the time" is appropriate.

AGM is dead!
Long live our new company, AGM2! As the main creditor of AGM I hereby transfer all land, staff, and equipment from the defund AGM to AGM2.