All rights reserved. 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. october 26th, 2020 le chateau announces transfer of listing to nex. The application under the Companies’ Creditors Arrangement Act for protection from … Le Château INC. For 60 years, Le Château has brought closet staples and fashion-forward items to Montrealers, Canadians and people all over the world. Your favourite '90s clothing store is going out of business. A Le Château retail store is shown in Montreal on Wednesday July 13, 2016. Le Chateau closure will see shuttering of 14 stores in B.C. You can save on items that go on sale and clearance seasonally. In 2015, the company generated sales of about CA$237 million. november 2nd, 2020 le chateau obtains amended and restated initial order under the ccaa. 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. Le Château is liquating its merchandise in store and online after filing for bankruptcy last month. Le Château is just one of many Canadian retail stores that have been forced to close up shop this year. ICONIC CANADIAN FASHION retailer Le Château is seeking court protection from its creditors while it winds down its operations and liquidates its assets. NEW. 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. Bower Place Shopping Centre has a Le Chateau store. Tim Ford - October 23, 2020. Le Chateau announced Friday it is seeking to shut down all 123 locations across Canada and liquidate its assets. That's down from almost $50 million in the same period last year. Miniso: Chineses variety retailer Miniso, which positions itself as a Japanese brand, has been closing some stores across Canada.The company entered Canada in 2017 and had plans to open about 500 stores as part of an ambitious expansion. The manager told me that she was told they won't begin liquidation until January with all stores shutting down by April. Here is a look at some of the major retail closures announced in Canada in 2020, both before and during the pandemic. 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. 230 - 1B The Boardwalk Kitchener, Ontario. Le Chateau currently has 123 stores across Canada, in addition to its e-commerce website. Discounts of up to 40% off on all items online and in-store began on November 2, 2020. 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 -- 500 at its head office and 900 at stores. The closure is due to the company, with 123 stores across Canada filing for bankruptcy protection. A couple walks past a Le Chateau store in Montreal on July 7, 2020. BC Elections 2020; Le Château hangs up its hat, closing all 123 stores across Canada By. A Le Chateau clothing store is seen in a shopping mall in Joliette, Que. Le Chateau is a sophisticated New York celebratory destination, elegantly appointed for weddings, bar & bat mitzvahs, corporate galas, and more. Author of the article: ... he added, and has done the right thing in closing unprofitable stores and boosting e-commerce operations. Plus, remember to check for Le Chateau deals and promo codes from Coupons.com. Save up to $25 with 10 LE CHATEAU Canada coupons, promo codes or sales for December 2020. This resulted in attempts to create a more manageable bricks-and-mortar network: after hitting a peak of 243 stores in 2012, Le Chateau has since moved to “right-size” its retail footprint, closing 122 over the last eight years to focus on top-performing stores and key markets. Today's top discount: $25 Off Your Purchase of $125+. Facebook. The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the … N2N 0B1 © 2006-2020 Rogers Media. Photographer Juergen Teller captures the closing scene of the CHANEL ‘Le Château des Dames’ 2020/21 Métiers d’art show with Virginie Viard and … In the three-month period up until July 25, Le Château racked up just $14.7 million in sales across its network of stores and online. Le Chateau employs 1,400, with 900 of those staff at its retail locations. ... may 24th, 2007 le chÂteau announces closing of $18.9 million bought deal secondary offering by principal shareholder. 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 — 500 at its head office and 900 at stores. on Friday, October 23, 2020. The company will remain “fully operational” and the stores are expected to remain open throughout the liquidation process. 2,941 Likes, 21 Comments - CHANEL (@chanelofficial) on Instagram: “Photographer Juergen Teller captures the closing scene of the CHANEL ‘Le Château des Dames’…” Oct 23rd, 2020 @ 5:14 pm; I just got back from Le Chateau at Rideau Centre in Ottawa. Headquartered in Montréal since its founding in 1959, LE CHÂTEAU has […] Canadian Clothing Store LE CHÂTEAU Announces Closing ALL Stores October 24, 2020 admin 84 Views. — Smash (@macsmashley) October 23, 2020. ReddIt. 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. That includes four stores in New Brunswick and two in Nova Scotia. Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. Monday, Nov. 2, 2020. She said that it'll be business as usual for the rest of the year. The closing scene of the CHANEL Le Château des Dames 2020-2021; @Chanel Le Château des Dames 2020/ 2021 Métiers d’art collection show; photo @Juergen Teller A play of volumes and materials builds a modern, sophisticated silhouette. Twitter. 30-50% Off Closing Sale at Le Chateau: 12/31/2021: code Get 20% Extra Off when You Buy 3 or More Items: ... 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