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Le Chateau says overall sales came in at $56 million for the quarter ended Jan. 27, while comparable store sales were down 1.7 per cent for the quarter from a year ago. Sign up for our newsletter to get exclusive content, contests, and perks direct to you. Montreal-based Le Chateau plans to close 14 stores this year and even more in the years ahead as the fashion chain "recalibrates" its brand amid a changing retail environment. October 26, 2020 . The retail industry was one of the hardest hit during the pandemic, with major brands like J.Crew filing for bankruptcy and Victoria's Secret closing its stores. Oct 23, 2020 • October 23, 2020 • 1 minute read. Shop Chateau Personalised Gifts with World Wide Delivery Exclusive Homemade … {* forgotPassword_sendButton *}, {* backButton *} See more at chanel.com Le Chateau has 1,400 employees across the country, including 500 staff at its head office. The retail chain has two stores in Victoria, one at the Bay Centre and one at Mayfair Shopping Centre. read. Twitter. Reason Not a good price Bad product/service Poor merchant reputation Unable to get the deal Other. After filing for creditor protection on Friday, Le Chateau revealed itself as the latest example of a story that has become common among Canadian fashion retailers: the new challenges of the pandemic … Bower Place Shopping Centre has a Le Chateau store. Le Chateau says it will go out of business, closing 123 stores, cutting 1,400 employees (900 in stores, 500 at head office in Montreal) and liquidating merchandise. Oct 23, 2020 1:51 PM. This first castle, built in the middle of the sixteenth century, threatened to fall into ruins. — Smash (@macsmashley) October 23, 2020. Le Château is liquidating as it prepares to close after about 60 years of operation. It's the end of an era for Canadians who loved 90's fashion when it was still the 90's: Le Chateau is closing for good after more than six decades of service. Welcome to The Chateau, Home of Dick & Angel Strawbridge & Escape to The Chateau! - Great find Caroline Lippert ! WATCH: Clothing retailer Le Chateau, founded in Montreal in 1959, has filed for CCAA protection, and plans to close its doors. Your existing password has not been changed. Please confirm the information below before signing up. Over the three-month period up until July 25, Le Château only sold $14.7 million in its stores and online — down almost $50 million from the same time last year. [Le Chateau] Closing / Boxing Day Sale - Up to 80% off Clearance / Outlet. The clothing retailer says it can no longer continue its operations, and that circumstances leave the company with no option other than to start the liquidation process. BC Elections 2020; Le Château hangs up its hat, closing all 123 stores across Canada By. Send me promotions, surveys and info from NEWS 1130 and other Rogers brands. Please contact us. THE CANADIAN PRESS IMAGES/Rachel Verbin . Clothing retailer Le Chateau announced on Oct. 23, 2020 it was filing for creditor protection, causing many stores to close (CREDIT: Richard Dettman, NEWS 1130) MONTREAL — Le Chateau Inc. says it is seeking court protection from creditors to allow it to shut down and liquidate its assets. It has 500 head office employees and 900 retail store employees. by The Canadian Press and Richard Dettman, Le Chateau is seeking court protection from creditors to allow it to close, liquidate its assets amid COVID-19, Montreal retailer will close 123 locations across Canada, Le Chateau will be cutting 1,400 employees who work in stores and at the company's head office. Le Chateau (POSTMEDIA NETWORK FILE PHOTO) Article Sidebar. The stores will stay open during the liquidation process. “ We regret the impact this will have on our people and can assure you that we explored all options available to us prior to taking this difficult decision,” the company said. The company has 124 stores in Canada. All rights reserved. LE CHÂTEAU is a leading Canadian specialty retailer offering contemporary fashion apparel, footwear and accessories to style-conscious women and men. There’s so much to unpack about why Le Château figured so heavily in our lives. A Le Chateau store. 31 5. Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. Call: (914) 763-1410 | Book An Appointment About Us Your favourite '90s clothing store is going out of business. Email (Le Chateau) Le Château announced on Friday that it will be filing for creditor protection as it liquidates all assets and winds down its operations. 2440 Ash St. Vancouver, BC V5Z 4J6 © 1996-2021 Rogers Media. Le Chateau says it will go out of business, closing 123 stores, cutting 1,400 employees (900 in stores, 500 at head office in Montreal) and liquidating merchandise. 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. MY CLOSING SASU au capital de 5.000 € Siège social : 19 RUE MARTIN LUTHER KING, 34500 Béziers 823 710 942 RCS de Béziers L'assemblée générale du 02/01/2020 a pris acte de la fin du mandat d'administrateur de : Mme zagnoune marine. {* backButton *} Starting on November 3, customers can take up to 40% off a pair of shoes, boots, and accessories as well as jewellery, dresses, and handbags at 30% off. Le Château Stores Are Closing! Stores closing in 2020: 123. Le Chateau Closing Its Doors, Files For Creditor Protection. Et a désigné en qualité d'administrateur : M. zagnoune kamel, demeurant 69 impasse du chateau d usson, 34500 Béziers. Rogers Media uses cookies for personalization, to customize its online advertisements, and for other purposes. Le Chateau is a sophisticated New York celebratory destination, elegantly appointed for weddings, bar & bat mitzvahs, corporate galas, and more. The company owns 123 … Le Château manufactured about 35% of the merchandise itself in Canadian factories with the remainder imported. Facebook. November 02, 2020 15:57 ET | … ... Oct 23, 2020 • October 23, 2020 • 2 minute read. The news comes three months after the Montreal-based chain had expressed doubt about their future during an earnings call and noted that they planned to seek new sources of financing. Tim Ford - October 23, 2020. Given the year-over-year losses and overall financial position, securing investment may be challenging and by early 2021, Le Chateau may become part of … Le Château is in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. Earlier on HuffPost Canada: Le Château — The Cool-Girl Clothing Store Of The ’90s — Is Closing. Canadian Clothing Store LE CHÂTEAU Announces Closing ALL Stores October 24, 2020 admin 84 Views. We didn't recognize that password reset code. Gordon Brothers (through its Canadian division, Gordon Brothers Canada ULC) and Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC) (collectively, the " JV Group ") have been retained to conduct store closing sales for Le Château Inc. (NEX: CTU.H) (the " Company ” or " Le Château ") effective today, November 2, 2020. You have activated your account, please feel free to browse our exclusive contests, videos and content. As of July 2020, Le Chateau says it had about $118 million in assets and $201 million worth of liabilities. october 26th, 2020 le chateau announces transfer of listing to nex. LE CHÂTEAU is a leading Canadian specialty retailer offering contemporary fashion apparel, footwear and accessories to style-conscious women and men. The Montreal-based retailer will be closing 123 stores and cutting 1,400 employees who work in stores and at the company’s head office. Brad Perry. Le Château is in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. Oct 23, 2020 10:47 AM. A Le Chateau store. BC Elections 2020; Le Château hangs up its hat, closing all 123 stores across Canada By. We've sent an email with instructions to create a new password. Sorry we could not verify that email address. Sélectionnez votre région pour commencer à magasiner. pic.twitter.com/cI0dm0cwoH, — Richard Dettman (@rwdettman) October 23, 2020. Oct 25, 2020 11:32 AM (Photo courtesy Avalon Mall) A popular national clothing retailer has become the latest victim of COVID-19. What led to Le Chateau closing its doors? 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