Le Chateau is closing. Its stores were closed for weeks earlier this year … Last Updated: Jan 19th, 2021 3:55 am; Category: Apparel; Tags: le chateau; closing; boxing day sale; up to; 80 off; clearance; outlet; SCORE +26? The clothing retailer says it can no longer continue its operations as a going concern. Select your region to begin shopping. Share on LinkedIn. That's right: You can expect massive liquidation sales at all 123 remaining Le Chateau stores across the country... though it stands to reason that few of us have much need for sparkly holiday frocks and chic office wear amid the pandemic. The clothing retailer says it can no longer continue its operations as a going concern. Le Chateau is officially closing all of its stores in Canada It's the end of an era for Canadians who loved 90's fashion when it was still the 90's: Le Chateau is … Le Château Inc. says its founder and his wife have left the insolvent company as it prepares to close its doors. Le Château is liquidating as it prepares to close after about 60 years of operation. CTVNewsWindsor.ca Staff. 0. During the liquidation process, its 900 dedicated employees will continue to provide all customers with the same great experience, while offering even … Share via Text Message; A Le Chateau … Fashion Giant Knocked Down by COVID-19 THUNDER BAY – In what perhaps is just a sign of the times, Le Chateau in Intercity Shopping Centre will be closing. "The retail industry faced numerous challenges due to the ongoing COVID-19 pandemic and the second wave currently hitting our communities across Canada," it continues. I worked there in 2006 and just found this scarf from back then a couple weeks ago. The clothing brand became a mall staple and a hit with young shoppers in the 1980s and '90s. In 2015, the company generated sales of about CA$237 million. About Le Château. Silverstone Segal had ceased to be board chairwoman and chief executive effective Oct. 26, shortly after it obtained creditor protection. windsoriteDOTca News Staff Friday October 23rd, 2020 Posted at 9:45am. The retailer filed an application seeking the court’s protection from its creditors, which will go before the Superior Court of Quebec on October 23. Le Château will be closing all stores in Canada after 61 years in business, as the company announced that it had filed for creditor protection on Friday. After being in business for 60 years, the process of Le Chateau selling off its remaining merchandise and closing … (Graham Hughes/THE CANADIAN PRESS IMAGES) The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the business to a third party that would keep it in […] What time does Le Chateau close in Canada. A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. 0. + Extra rabais avec le code ECONOMISEZPLUS See More LE CHÂTEAU January 16 at 6:01 AM The company has skirted death before. One year after getting a $15 million loan from its founder, Le Chateau has announced it is closing 14 stores this year. Le Chateau is closing. Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. Le Château Inc. is a fashion company, currently under liquidation, that was founded in 1959 in Montreal, Quebec, Canada and designed, imported and retailed a wide range of women's and men's apparel, accessories and footwear. Reply to Thread Reply. In a statement, Le Château said it was becoming clear that sales of Christmas and New Years’s outfits would be hard hit by the pandemic, leaving the company with no option other than to … Most of them are located in Calgary (9 stores), Montreal (9 stores), Edmonton (7 stores), Winnipeg (7 stores) and Quebec (6 stores). Clothing retailer Le Chateau plans to close all its locations. MONTREAL — Le Chateau Inc. says it is seeking court protection from creditors to allow it to shut down and liquidate its assets.. Le Château founder and wife leave company as it prepares to close. In a statement, Le Château said it was becoming clear that sales of Christmas and New Years’s outfits would be hard hit by the pandemic, leaving the company with no option other than to commence the liquidation process. Le Château will be closing all stores in Canada after 61 years in business, as the company announced that it had filed for creditor protection on Friday. Le Château Inc. is a fashion company, currently under liquidation, that was founded in 1959 in Montreal, Quebec, Canada and designed, imported and retailed a wide range of women's and men's apparel, accessories and footwear. ‘He asked us to’: Trump supporters’ words could be his downfall at impeachment trial, Biden removes Trump’s Diet Coke button as part of Oval Office overhaul, Le Chateau the latest retail casualty amid COVID-19, Le Chateau the latest retail casualty amid COVID-19 – Oct 23, 2020, Timing is a key issue in Newfoundland and Labrador election, Severe weather: 2020 ranked as 4th most expensive year for insurance damage, Texas man charged in U.S. Capitol riot tweeted ‘Assassinate AOC,’ FBI says, Larry King, American talk show host, dead at 87, Trump returns to family business empire hit hard by pandemic, What you need to know about Alexei Navalny’s arrest and the nationwide protests in Russia, Schumer outlines Trump impeachment trial timeline, says it will begin February, U.S. launches ambitious vaccine plan as new COVID-19 strains spread, Critics question timing of N.L. A Le Chateau clothing store is shown near Montreal, Monday, April 18, 2016. The company sold directly to customers from 211 retail stores in Canada, as well as … Le Chateau Inc. says e-commerce has forced it to close … THE CANADIAN PRESS IMAGES/Rachel Verbin. MONTREAL - Le Chateau Inc. says its founder and his wife have left the insolvent company as it prepares to close its doors. MONTREAL — After 60 years in operation, Le Chateau Inc. is seeking court protection from creditors to allow it to liquidate its assets and close its stores. The brand currently has 1,400 employees, including 500 head office staff. Reblog. The retailer filed an application seeking the court’s protection from its creditors, which will go before the Superior Court of Quebec on October 23. Le Chateau Inc. filed an application Friday to begin the orderly liquidation of its assets, a move the clothing chain blamed on insurmountable obstacles due to the pandemic. Reason Not a good price Bad product/service Poor merchant reputation Unable to get the deal Other. Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and style-conscious women and … People shop at CF Toronto Eaton Centre in Toronto, Ont., on Dec. 24, 2019, on the afternoon of Christmas Eve. 0. Print. Discounts of 20%-40% start today in all 121 stores and lechateau.com. (THE CANADIAN PRESS/Ryan Remiorz) TORONTO -- A major Canadian clothing retailer that … In July 2020, after several months of declining business, and hindered further by the COVID-19 pandemic in Canada, Le Château stated there is "significant doubt" it will survive another year. Stores October 26, when is le chateau closing after it obtained creditor protection and plans to its... In the same period last year 60 years of operation about 60 years operation... 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