How it started
Background
The company was established in 1983 by Michael McKenna and Daniel Behune, opening its first location in Vancouver, British Columbia. It soon began expanding nationally, both by opening new company-owned locations and through a franchise deal which resulted in the rebranding of Windsor businessman Bill McKay's existing McKay's Television and Appliances chain. However, the franchise deal led to some friction: as McKay's franchised company had a stronger credit rating than the McKenna-Behune parent corporation, the chain was ordering all of its appliances through McKay, who tried to petition McKenna and Behune's company into receivership in 1987 over unpaid revenue compensation. The deal resulted in a split between the two companies, with McKenna and Behune rebranding their stores as Multitech Warehouse Direct, while McKay became the sole owner of the Krazy Krazy brand name thereafter.
From Wikipedia’s article on Krazy Krazy, shared under CC BY-SA 4.0.2