Contact. 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 operation, but was unsuccessful. Moda; Le Chateau in Canada has 158 Stores in 99 Towns. 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. 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 — … In October 2020, Le Château announced they will close all 123 stores across Canada. 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. During the liquidation process, its 900 dedicated employees will continue to provide all customers with the same great experience, while … The information listed below is likely outdated and has been preserved for archival purposes. Headquartered in Montréal since its founding in 1959, LE CHÂTEAU has […] 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. Share. The clothing retailer says it can no longer continue its operations as a going concern. 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. A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. Share on Twitter. Le Château is the latest major Canadian retailer to file for CCAA protection, joining Reitman’s and Aldo. "Management and the Board of Directors would like to thank and recognize its 1,400 employees, including its 500 Head Office employees, whose dedication, talent and innovation have made Le Chateau a proudly Quebec grown fashion brand for the past 60 years.". A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. Forward by Email. 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 — … Reason Not a good price Bad product/service Poor merchant reputation Unable to get the deal Other. Most of them are located in Calgary (9 stores), Montreal (9 stores), Edmonton (7 stores), Winnipeg (7 stores) and Quebec (6 stores). Extra 25% off 3 items. LE CHÂTEAU. Le Château is liquidating as it prepares to close after about 60 years of operation. "Management and the Board of Directors of the Company have come to the very difficult decision that the Company can no longer continue its operations," reads a release from the once-thriving homegrown retail brand. 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. Clothing retailer and shopping mall staple Le Château is negotiating with its current lenders and seeking new sources of financing, as it cautions that … CHEERS to 2021! 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. Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. (THE CANADIAN PRESS/Ryan Remiorz) TORONTO -- A major Canadian clothing retailer that … 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. 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. Hello time traveller!! Le Chateau plans to close its stores, including Windsor’s Devonshire Mall location. Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. Gordon Brothers. It is strongly recommended that you get in touch with the Store Tel: 403-341-5535 before your visit to double-check the details and other questions you may have. 40% Off Tops & Bottoms! Whether you’re running errands, binge watching your fave show or relaxing at home, these comfy looks are a must. Discounts of 20%-40% start today in all 121 stores and lechateau.com. [Le Chateau] Closing / Boxing Day Sale - Up to 80% off Clearance / Outlet. Originally founded in 1959, Le Château … election call, Biden’s focus: ‘America returns’ rather than ‘America first’, Calgary man finds website showing live private camera feeds, Current COVID-19 restrictions in place ‘a little while longer’ as Alberta reaches 1,500 deaths, Le Château plans to close its doors, files for CCAA protection. Le Château founder and wife leave company as it prepares to close. Canada 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. Le Chateau employs 1,400, with 900 of those staff at its retail locations. READ MORE: Le Château plans to close its doors, files for CCAA protection. "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. Clothing retailer Le Chateau is filing for creditor protection and plans to close its doors. The clothing retailer says it can no longer continue its operations as a going concern. People shop at CF Toronto Eaton Centre in Toronto, Ont., on Dec. 24, 2019, on the afternoon of Christmas Eve. Share. I worked there in 2006 and just found this scarf from back then a couple weeks ago. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. Still, something about Le Château felt permanent. 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In a statement released Friday, Le Chateau says it can no longer continue its operations as a going concern. A popular national clothing retailer has become the latest victim of COVID-19. 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. 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 … About Le Château. The Canadian Press Images Shoppers outside Le Chateau at the Eaton Centre on Christmas Eve, Toronto, Ont., Dec. 24, 2015. “The retail industry faced numerous challenges due to the ongoing COVID-19 … 31 5. (Graham Hughes/THE CANADIAN PRESS IMAGES) Le Château Stores Are Closing! Le Chateau closing all 123 stores, including Thunder Bay location Company says COVID-19 challenges and the arrival of the second wave, combined with the … Its stores were closed for weeks earlier this year … Share via Text Message; A Le Chateau … The company recorded a … I took it for granted that Le Château would emerge out of … “Le Chateau was one of, if not, the first Canadian success story we had,” Lohr says. Le Chateau is officially closing all of its stores in Canada. 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 Château opened in 1959 as a menswear store, but branched into womenswear a few years later, eventually growing into a national chain known for its formalwear and going-out outfits. windsoriteDOTca News Staff Friday October 23rd, 2020 Posted at 9:45am. That's down from almost $50 million in the same period last year. 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. Sélectionnez votre région pour commencer à magasiner. ICONIC CANADIAN FASHION retailer Le Château is seeking court protection from its creditors while it winds down its operations and … I wish Le Château’s dedication to Canadian manufacturing had been enough to save it. After being in business for 60 years, the process of Le Chateau selling off its remaining merchandise and closing … From the late 80s through to the early 2000s, Le Chateau was known for being one of the first places fashion-forward looks were made accessible to younger people. The Montreal-based company thanked them for their “contributions, efforts, service and dedication” over the years. Le Château is in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. 0. This article is 87 days old. Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. 40-50 % de rabais sur toutes les chaussures et bottes! Le Chateau said it intends to remain fully operational as it … The company sold directly to customers from 211 retail stores in Canada, as well as … + Extra rabais avec le code ECONOMISEZPLUS See More LE CHÂTEAU January 16 at 6:01 AM Le Château closing all stores October 26, 2020 October 27, 2020 Gord Delamont. 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. Business. THE CANADIAN PRESS IMAGES/Rachel Verbin. The company sold directly to customers from 211 retail stores in Canada, as well as … COVID-19 is a major contributor to the company’s decision. Le Château closing all stores October 26, 2020 October 27, 2020 Gord Delamont. 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. The clothing brand became a mall staple and a hit with young shoppers in the 1980s and ’90s before foreign retailers like H&M and Zara entered the Canadian market and caused trouble for Le Château and other Canadian clothing names. I worked there in 2006 and just found this scarf from back then a couple weeks ago. 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. All of its 123 stores in Canada will be closed. Please read our Commenting Policy first. 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. Print. Le Chateau contacts. 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. Le Chateau (POSTMEDIA NETWORK FILE PHOTO) Canadian fashion chain Le Chateau is going out-of-business, prompting yet another vacancy at Station Mall. Le Chateau closure will see shuttering of 14 stores in B.C. The company has skirted death before. Le Château has announced its intention to liquidate its assets and wind down operations of its 123 stores. 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. Segal started the company in the late 1950s and later co-founded DavidsTea, which is also in creditor protection but is restructuring under the leadership of daughter Sarah. Oct 25, 2020 11:32 AM (Photo courtesy Avalon Mall) A popular national clothing retailer has become the latest victim of COVID-19. 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 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. Well known Canadian retailer Le Château is closing its 123 stores across Canada after 60 years in business, saying it cannot refinance or sell … 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? 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. READ MORE: Allbirds Enters the … The Montreal-based business announced Friday its assets will be liquidated as it enters creditor protection. Share on LinkedIn. The clothing brand became a mall staple and a hit with young shoppers in the 1980s and '90s. 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 … Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and style-conscious women and … 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. Clothing retailer Le Chateau plans to close all its locations. Share on Facebook. Le Chateau is closing. Select your region to begin shopping. 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