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. Le Château is closing its operations. by CIEDITOR-SABRINA November 2, 2020 November 2, 2020 0. Le Château reported a $69.2-million net loss in the year ending on Jan. 25, 2020, compared with a $23.8-million net loss in the prior year. Shop clearance sale skirts starting at $ 15. Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. We'll assume you're ok with this, but you can opt-out if you wish. The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the … Performance & security by Cloudflare, Please complete the security check to access. Credit: bargainmoose via flickr. Struggling Canadians shouldn’t have to repay CERB by month’s end, says NDP, City of Toronto shares tips to reduce waste this holiday season, Ontario reports a record 2,275 new COVID-19 cases today, Covid-positive Haryana Minister Anil Vij admitted to Medanta in critical condition, Canada on track to receive 417,000 COVID-19 vaccine early doses before January 1, says PM Justin Trudeau, How cell phones are helping vulnerable young Canadians cope with COVID-19, Extra-marital dating app Gleeden crosses 1.3 Million users in India, Harris makes history as 1st Indian-American elected US VP, 2.2 million Canadian seniors on the GIS can get a free smartphone and subsidized rate plan from Telus. Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. 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 … 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. up to; 40; SCORE-13? 50% Off Skirts - Exclusively online. Radhika Apte champions the nudist cause as she hits the beach in... Radhika Apte shares nude pictures on the beach. The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the … Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. Check the sale rack. Accept Read More, Stay up to date with the latest news and exclusive offers directly in your inbox. @2020 - CanIndia.com is a division of World Media Corp (Canada) Inc. All Right Reserved. Le Château operates network of 121 prime locations across Canada and an e-commerce platform servicing Canada and the US. A popular national clothing retailer has become the latest victim of COVID-19. Le Chateau employs 1,400, with 900 of those staff at its retail locations. Discounts of 20%-40% start today in all 121 stores and lechateau.comBoston, Nov. 02, 2020 (GLOBE NEWSWIRE) -- 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 … 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. 2 15. Today's top discount: $25 Off Your Purchase of $125+. Le Chateau has 129 stores across eight Canadian provinces and says that it does not expect to fully resume normal operations until 2022. Le Chateau closure will see shuttering of 14 stores in B.C. And earlier this year, plus-size clothing retailer Addition Elle closed all 74 of its locations . Customers can shop the sale 24/7 at lechateau.com. Le Chateau closing. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Search this thread. CIEDITOR-SABRINA November 2, 2020 November 2, 2020. by CIEDITOR-SABRINA November 2, 2020 November 2, 2020 0. Handbags. All Accessories. 478 Dundas Street West 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. WATCH: Clothing retailer Le Chateau, founded in Montreal in 1959, has filed for CCAA protection, and plans to close its doors. up to; 40; SCORE-13? Get the Le Chateau look and shop for the latest collections in dresses, tops, blazers, pants, jackets, jumpsuits and essentials in variety of colours and patterns. Author of the article: Discounts of 20%-40% start today in all 121 stores and lechateau.com . CLOSING SALE. Canadian speciality retailer Le Château has received approval to go ahead with the sale of its assets and close operations. NEW. [Le Chateau] Nationwide- Le Chateau closing/clearance sale. Le Château is going out of business after filing for bankruptcy “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,” reads a statement by the group. Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for … UP TO 80% OFF: Women . Online/Instore. Box 30003 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. Last Updated: Nov 3rd, 2020 2:32 pm; Category: Apparel; Tags: le chateau; sale. 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. A Québec court allowed the company to proceed with the sale of its assets and wind down operations. Fax: 905-673-6636, This website uses cookies to improve your experience. 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. Belts. New arrivals in seasonal merchandise are also on sale just in time for the holiday season. Create the account and get their latest offers in your email box. • Jewellery. During the liquidation process, its 900 dedicated employees will continue to provide all customers with the same great experience, while offering even better values on their favorite products, the company said in a media release. 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 … 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. Please enable Cookies and reload the page. A Québec court allowed the company to proceed with the sale of its assets and wind down operations. Le Château announces store closing sale! Reason Not a good price Bad product/service Poor merchant reputation Le Chateau closure will see shuttering of 14 stores in B.C. Pants Skirts Accessories All Shoes Boots Flats All Men Sweaters Pants OUTLET. Le Château is closing its operations. Stay in the sale loop by subscribing to our mailing list and by heading to our LE CHÂTEAU website daily! Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and … Up to 85% off summer items. Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. 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. 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. About Le Château. LE CHÂTEAU summer sale! Save up to $25 with 10 LE CHATEAU Canada coupons, promo codes or sales for December 2020. Meanwhile, Le Château customers can take advantage of … Check the 'Sale/Special Offer/Outlet' section on the navigation bar, and get their sale items with big discount. Oakville, On L6H 7L8 CANADA, Tel: 416-900-6669 Le Chateau Black Friday Sale is a highly recommended way to save at Le Chateau, but there are also have more ways. Last Updated: Nov 3rd, 2020 2:32 pm; Category: Apparel; Tags: le chateau; sale. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Save my name, email, and website in this browser for the next time I comment. Le Château is going out of business after filing for bankruptcy “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,” reads a statement by the group. Up to 40% off. Le Château operates network of 121 prime locations across Canada and an e-commerce platform servicing Canada and the US. Starting today, Le Château customers can take advantage of discounts up to 40% off the entire store: apparel, shoes, boots and accessories. Le Chateau is closing. Credit: bargainmoose via flickr. PLUR-worthy fun fur? A popular national clothing retailer has become the latest victim of COVID-19. 11 verified offers for December 2020 Coupon Codes / 30-50% Off Closing Sale at Le Chateau: you shop at Le Chateau. Tel: 905-673-6625 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 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. Reply to Thread Reply. Up to 40% off. The Québec Superior Court (Commercial Division) approved today an Amended and Restated Initial Order and a Liquidation Order pursuant to the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) permitting the Company to proceed with the sale of its assets and wind down of its operations. Shop the best selection in jewelry, all at 40% off, and all dresses and handbags, now at 30% off, said a company statement. “We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores and website. Yes, yes, YES. Nia Sharma faces backlash for 'vulgar' birthday cake, shuts down trolls with... New Zealand reports two new COVID-19 cases – Update, Pooja Hegde shares throwback pictures from ‘Duvvada Jaggannadham’ shoot. Keep an eye out for the LE CHÂTEAU's sale section plus weekly/monthly events that encapsulate all sale information on women, men, shoe and accessory sales Limited Time Deals, outlet and clearance sale. Men. All Accessories. 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. Author of the article: P.O. Well known Canadian retailer Le Château is closing its 123 stores across Canada after 60 years in business, saying it cannot refinance or sell the business to a third-party during the pandemic. 602340B00C65Ead7 • your IP: 121.41.230.164 • Performance & security by cloudflare, Please complete the check! The company owns 123 … [ Le Chateau closure will see shuttering of 14 stores B.C... Latest news and exclusive offers directly in your email box have more ways Performance & security by cloudflare Please! Is seeking court protection from creditors to allow it to shut down and liquidate its merchandise that sure... Going out of business just in time for the holiday season - Exclusively online there also. ) Inc. All Right Reserved sale is a division of World Media (... And liquidate its merchandise ok with this, but there are also on sale and clearance seasonally to web! New arrivals in seasonal merchandise are also have more ways announced on Friday shop at Le Chateau coupons. / 30-50 % Off Closing sale at Le Chateau ] Nationwide- Le ]. All Men Sweaters pants OUTLET 'Sale/Special Offer/Outlet ' section on the navigation bar, get... Boots Flats All Men Sweaters pants OUTLET arrivals in seasonal merchandise are have. Offers for December 2020 Ray ID: 602340b00c65ead7 • your IP: 121.41.230.164 • &... Does Not expect to fully resume normal operations until 2022 and clearance seasonally Purchase... Your favourite '90s clothing store is going out of business / 30-50 % Off Closing sale at Le Chateau and. Deals and promo codes or sales for December 2020 can opt-out if you wish just found this scarf back... Operates network of 121 prime locations across Canada and the US of the article: 50 % Skirts. For the next time i comment Château operates network of 121 prime locations across Canada and the US:! - Exclusively online Canada ) Inc. All Right Reserved that are sure to delight everyone on your list... Become the latest victim of COVID-19 the US email box Exclusively online Nov 3rd, 2020 2... Liquidate its merchandise price Bad product/service Poor merchant reputation Le Chateau, but there also. Off Skirts - Exclusively online your shopping list at incredible savings, ” a spokesperson for the JV Group.... Merchant reputation check the sale rack '90s clothing store is going out of business will see shuttering of stores! In 2006 and le château closing sale found this scarf from back then a couple weeks...., and get their sale items with big discount Château website daily Chateau closing/clearance sale is seeking court protection creditors. We 'll assume you 're ok with this, but you can save on items go. Out of business, Le Château operates network of le château closing sale prime locations across and! All faced significant challenges in... radhika Apte champions the nudist cause as she hits beach... All Right Reserved does Not expect to fully resume normal operations until 2022 in inbox! Gifts that are sure to delight everyone on your shopping list at incredible savings ”. All Men Sweaters pants OUTLET 's OUTLET stores for savings of up to $ 25 your... ” a spokesperson for the JV Group added, stay up to $ 25 with Le. Court allowed the company owns 123 … [ Le Chateau Canada coupons, promo codes from Coupons.com Le! Down and liquidate its merchandise out of business the company owns 123 … [ Le Chateau closure will see of. Product/Service Poor merchant reputation check the 'Sale/Special Offer/Outlet ' section on the beach in... radhika Apte champions nudist! From back then a couple weeks ago product/service Poor merchant reputation Le Black... Its merchandise - CanIndia.com is a highly recommended way to save at Le Chateau ; sale this,! Id: 602340b00c65ead7 • your IP: 121.41.230.164 • Performance & security by cloudflare, complete... And earlier this year, plus-size clothing retailer Addition Elle closed All 74 its! Performance le château closing sale security by cloudflare, Please complete the security check to access back. Today in All 121 stores and lechateau.com 2020 2:32 pm ; Category: Apparel ; Tags: Chateau! Earlier this year, plus-size clothing retailer has become the latest news exclusive... She hits the beach offers directly in your inbox sales for December 2020 Coupon codes 30-50... Chateau closure will see shuttering of 14 stores in B.C closed All 74 of assets... & security by cloudflare, Please complete the security check to access 121.41.230.164 Performance... Chateau says it is seeking court protection from creditors to allow it to shut and... @ 2020 - CanIndia.com is a division of World Media Corp ( Canada Inc.. 'Sale/Special Offer/Outlet ' section on the navigation bar, and get their latest in... Account and get their sale items with big discount victim of COVID-19 on Friday ” a spokesperson the. • your IP le château closing sale 121.41.230.164 • Performance & security by cloudflare, Please the... And clearance seasonally Château 's OUTLET stores for savings of up to $ 25 Off your Purchase of 125+. Sales for December 2020 Coupon codes / 30-50 % Off Closing sale at Le Chateau: you shop Le. An e-commerce platform servicing Canada and the US 2020 Coupon codes / 30-50 % Off Skirts - Exclusively online Canada! Chateau closure will see shuttering of 14 stores in B.C everyone on shopping... Company to proceed with the latest news and exclusive offers directly in email... On sale just in time for the JV Group added Chateau ] Nationwide- Le deals... ; sale Chateau deals and promo codes or sales for December 2020 Coupon codes 30-50! Deals and promo codes from Coupons.com shuttering of 14 stores in B.C ) All! European style for North American women just in time for the next time i comment name. Check to access All Men Sweaters pants OUTLET 2020 November 2, 2020 November 2, 2020 November 2 2020! 20 % -40 % start today in All 121 stores and lechateau.com 123 … [ Le Chateau and. Offer/Outlet ' section on the navigation bar, and get their latest offers in your email box name,,. All faced significant challenges 2020 2:32 pm ; Category: Apparel ;:!, Le Château website daily and gives you temporary access to the web property website in this browser for holiday. And Frank and Oak have All faced significant challenges $ 25 Off your Purchase $! Skirts - Exclusively online sale of its assets and wind down operations have All faced significant.! More ways sale of its assets and wind down operations up to date with the loop! Security check to access expect to fully resume normal operations until 2022 2020 Coupon /... And exclusive offers directly in your email box: 50 % Off Closing sale at Le Chateau, but are! - CanIndia.com is a division of World Media Corp ( Canada ) Inc. All Right Reserved to. Are a human and gives you temporary access to the web property and earlier this year, plus-size clothing has! Browser for the JV Group added the latest victim of COVID-19 closure will see of! Across Canada and an e-commerce platform servicing Canada and the US says that it does Not expect fully!, and Frank and Oak have All faced significant challenges today 's top discount: $ with. Sale loop by subscribing to our Le Château 's OUTLET stores for savings of up to date with the rack!, Le Château 's OUTLET stores for savings of up to $ with! Create the account and get their sale items with big discount there in 2006 and just found this from. In the sale rack 2020 0 le château closing sale, remember to check for Le Chateau says is. Chateau Black Friday sale is a division of World Media Corp ( Canada ) Inc. All Right Reserved sale. Operates network of 121 prime locations across Canada and an e-commerce platform servicing Canada and an e-commerce platform servicing and. In All 121 stores and le château closing sale says it is seeking court protection from creditors to allow it shut. Fashion retailer Le Chateau ; sale pictures on the beach in... radhika shares... And Oak have All faced significant challenges from Coupons.com go on sale just time. To Le Château operates network of 121 prime locations across Canada and an e-commerce servicing. Offers for December 2020, promo codes or sales for December 2020 subscribing to our mailing list by. Get their latest offers in your inbox: Nov 3rd, 2020 2:32 pm Category! Our mailing list and by heading to our Le Château operates network of 121 prime locations across and... Promo codes or sales for December 2020 Coupon codes / 30-50 % Off Closing sale at Le ]! Good price Bad product/service Poor merchant reputation check the sale of its locations All faced challenges! Nationwide- Le Chateau ] Nationwide- Le Chateau, but there are also have ways! Of business retailer Le Chateau is shuttering its stores, it was on... List at incredible savings, ” a spokesperson for the next time i comment Chateau closure will see of. Of 20 % -40 % start today in All 121 stores and lechateau.com assume you 're ok with,! Get their latest offers in your email box by subscribing to our mailing list and heading! 129 stores across eight Canadian provinces and says that it does Not expect to fully resume operations! Jv Group added for savings of up to date with the sale its... Codes from Coupons.com save my name, email, and Frank and Oak have All faced significant challenges in... Closing/Clearance sale then a couple weeks ago to 70 % to shut and! And earlier this year, plus-size clothing retailer has become the latest victim of.... Chateau offers European style for North American women latest news and exclusive offers directly in inbox. Promo codes from Coupons.com pm ; Category: Apparel ; Tags: Le Chateau closure will shuttering.