Originally founded in 1959, Le Château … Le Chateau said it intends to remain fully operational as it … 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 to Close Stores Across Canada. "Regrettably, these circumstances leave the Company with no option other than to commence the Liquidation process," reads the statement. 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. It had been around for six decades and has approximately 123 locations across the country, as well as an e-commerce website. Reblog. Le Chateau (POSTMEDIA NETWORK FILE PHOTO) Canadian fashion chain Le Chateau is going out-of-business, prompting yet another vacancy at Station Mall. 40-50 % de rabais sur toutes les chaussures et bottes! In 2015, the company generated sales of about CA$237 million. Want to discuss? Load CTVNewsWindsor.ca Staff. Clothing retailer Le Chateau is filing for creditor protection and plans to close its doors. Canada ICONIC CANADIAN FASHION retailer Le Château is seeking court protection from its creditors while it winds down its operations and … Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. Le Château is liquidating as it prepares to close after about 60 years of operation. All of its 123 stores in Canada will be closed. Originally founded in 1959, Le Château … 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. Search this thread. Management takes this opportunity to thank the millions of Canadians who have shopped at Le Château over the past 60 years and invites them to enjoy the incredible savings and styles available in this closing sale. Tweet . 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. comments, Someone in Toronto created a hand sanitizer wristband you wear like a watch, Toronto designer uses old quilts and vintage bedspreads to make clothes and accessories, Toronto shoe store shut down after owing $38k in rent, Teen launches business selling Toronto merch after struggling to find a job, This Toronto florist is selling weed bouquets for Valentine's Day, Toronto man letting public vote on every aspect of his new brand, Toronto dad inspired by his daughter to create swimwear brand for trans girls, Toronto retail worker shares tips on how to be a good customer doing curbside pickup, Sign up for our free email newsletter. Le Château has announced its intention to liquidate its assets and wind down operations of its 123 stores. Le Château Inc. says its founder and his wife have left the insolvent company as it prepares to close its doors. Share via: Facebook; Twitter; LinkedIn; Email; Print; Copy Link; More; Le Château goes bust, becoming latest retail victim of pandemic struggles. The company sold directly to customers from 211 retail stores in Canada, as well as … 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. 2 November 2020. _____ 40 % de rabais sur les hauts, jupes et pantalons ! During the liquidation process, its 900 dedicated employees will continue to provide all customers with the same great experience, while … MONTREAL — Le Chateau Inc. says it is seeking court protection from creditors to allow it to shut down and liquidate its assets.. During the liquidation process, its 900 dedicated employees will continue to provide all customers with the same great experience, while offering even … The move affects 1,400 employees and 123 locations across Canada. The clothing retailer says it can no longer continue its operations as a going concern. 31 5. Oct 25, 2020 11:32 AM (Photo courtesy Avalon Mall) A popular national clothing retailer has become the latest victim of COVID-19. Reason Not a good price Bad product/service Poor merchant reputation Unable to get the deal Other. Extra 25% off 3 items. 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. The brand currently has 1,400 employees, including 500 head office staff. Most of them are located in Calgary (9 stores), Montreal (9 stores), Edmonton (7 stores), Winnipeg (7 stores) and Quebec (6 stores). You can unsubscribe anytime or. The company recorded a … 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. GlobeNewswire. Unsubscribe anytime or, Sign up for our free email newsletter so you’re always in the know. Sélectionnez votre région pour commencer à magasiner. Le Chateau contacts. Hello time traveller!! “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. I loved this scarf omg I worked there in 2006 … The information listed below is likely outdated and has been preserved for archival purposes. Le Château To Close All Stores. 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. 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 Chateau closure will see shuttering of 14 stores in B.C. Share via Text Message; A Le Chateau … The clothing retailer says it can no longer continue its operations as a going concern. Le Chateau intends to remain fully operational as it liquidates its 123 stores, but the eventual closures will mean the end of about 1,400 jobs — … Le Chateau closing Back to video “ Management and the board of directors have come to the very difficult decision that the company can no longer continue its operations as a going concern after its best efforts over the preceding months,” Le Chateau said in a statement. Le Chateau had been trying for months to refinance or to find a buyer for the business, and on Friday said in a release that it has applied for protection from its creditors as it plans to close its doors. Gordon Brothers. (Graham Hughes/THE CANADIAN PRESS IMAGES) Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. 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? Le Château Stores Are Closing! I worked there in 2006 and just found this scarf from back then a couple weeks ago. LE CHÂTEAU. MONTREAL - Le Chateau Inc. says its founder and his wife have left the insolvent company as it prepares to close its doors. Le Chateau is officially closing all of its stores in Canada. Contact. CHEERS to 2021! Le Château closing all stores October 26, 2020 October 27, 2020 Gord Delamont. Heartbreaking as the news may be for the nostalgic among us, Le Chateau will live on 90's-era club photos, 2000's-era prom photos, and the closets of petite office workers. , on the afternoon of Christmas Eve 2020, Le Château closing all their stores Canada... 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