What’s going on at Cibo?

Cibo Wine Bar, located at 2472 Yonge Street in Toronto’s Yonge and Eglinton area, is closing its doors on January 25, 2025. This marks the end of a decade-long operation at this location, with at least 30 employees affected by the closure.

Official statements and context

Lease ended: Nick Di Donato, President and CEO of Liberty Entertainment Group, the parent company of Cibo, confirmed the decision in a statement to blogTO.

• “Our lease has come to an end, and despite our best efforts, we were unable to reach a mutually agreeable renewal with the new landlord.”
• Di Donato added that the company is exploring options for a new location in the area and expressed appreciation to patrons and staff for their support over the past decade.

Ongoing operations

The closure of the Yonge and Eglinton location does not affect Cibo’s other Toronto locations, which will continue to operate at 133 Yorkville Avenue and 522 King West.

What’s next?

While the future use of the 2472 Yonge Street space remains uncertain, Liberty Entertainment Group has stated its intention to maintain a presence in the area by seeking a new location for Cibo Wine Bar.

Employee rights when a location closes

• Severance pay

  If you're a non-unionized employee, you're generally owed severance pay. Severance is calculated using a variety of factors, including length of service, age, position, and your employment contract. Full severance can amount to 24 months’ pay, and should include...

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