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Industry NewsBiWay resurgence in doubt with co-founder's death

BiWay resurgence in doubt with co-founder’s death


Malcom Coven, co-founder of Biway, has died, leaving the resurgence of the retail chain that was set to open its first store this Fall in doubt.

The chain, which closed down in 2001, had some 250 stores across Canada at its peak, and was in business for 30 years.

Eighty-nine-year-old retail vereran Mal Coven, who was instrumental in building the original BiWay, said in 2018 that planned to open a 7,500 sq. ft. “BiWay $10 Store” in Toronto. At that time, he said he planned to open four more stores by 2020.

Coven launched the retail chain with brother-in-law Abe Fish and was later joined by Russell Jacobson and together they turned the chain in a popular discount department store for Canadians.

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