It’s been a Toronto staple for decades.

Renowned furniture retailer Bad Boy is officially bankrupt.

It was made famous by the late Mel Lastman’s unforgettable slogan, “Who’s better than Bad Boy? Noooobody!”

The son of the late North York and Toronto mayor, Blaine Lastman, was also a pitchman for the furniture company which claimed to offer the lowest prices.

In November, the Toronto company filed a notice of intention under the Bankruptcy and Insolvency Act, citing the goal to restructure its business.

That same month, an Ontario court approved bad Boy to get started with its liquidation sales and gave the business until January 23rd to file its restructuring proposal.

Bad Boy failed to do this, and so the end has come.