Caban, the popular lifestyle spinoff of Club Monaco announced today that it will be closing its doors. According to the Globe and Mail, that the major reason for the closure is because its landlords have decided to use their prime real estate for their own home and lifestyle brand.

Currently, three of Caban's main stores are being housed within the Loblaws megastores. Loblaws recently launched a lifestyle clothing line, Joe Fresh Style and is in the process of expanding this concept to homewares. In an ironic twist, this whole concept being launched by Loblaws is being headed up by Joe Mimram, the original mastermind of Club Monaco and Caban.

According to a spokesperson of Ralph Lauren (who bought the brand in 2000), it will be focusing on "core apparel and accessories business." The Caban stores will be closing by August 31st.

Picture courtesy of Caban.