Last Updated: Nov 3rd, 2020 2:32 pm; Category: Apparel; Tags: le chateau; sale. [Le Chateau] Nationwide- Le Chateau closing/clearance sale. All Accessories. 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. Customers can shop the sale 24/7 at lechateau.com. Share 0 0. 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. 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. 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. Credit: bargainmoose via flickr. Save my name, email, and website in this browser for the next time I comment. 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. LE CHÂTEAU summer sale! Le Chateau employs 1,400, with 900 of those staff at its retail locations. P.O. Create the account and get their latest offers in your email box. Men. Last Updated: Nov 3rd, 2020 2:32 pm; Category: Apparel; Tags: le chateau; sale. Online/Instore. Le Château operates network of 121 prime locations across Canada and an e-commerce platform servicing Canada and the US. Le Chateau Black Friday Sale is a highly recommended way to save at Le Chateau, but there are also have more ways. 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. Le Château is closing its operations. Le Chateau closure will see shuttering of 14 stores in B.C. Handbags. Up to 40% off. Up to 40% off. Le Château is closing its operations. 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. Pants Skirts Accessories All Shoes Boots Flats All Men Sweaters Pants OUTLET. I worked there in 2006 and just found this scarf from back then a couple weeks ago. Save up to $25 with 10 LE CHATEAU Canada coupons, promo codes or sales for December 2020. Starting today, Le Château customers can take advantage of discounts up to 40% off the entire store: apparel, shoes, boots and accessories. New arrivals in seasonal merchandise are also on sale just in time for the holiday season. Yes, yes, YES. Check the sale rack. Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. 2 15. And earlier this year, plus-size clothing retailer Addition Elle closed all 74 of its locations . About Le Château. Shop clearance sale skirts starting at $ 15. Le Chateau closing. Performance & security by Cloudflare, Please complete the security check to access. 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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; SCORE-13? Reply to Thread Reply. 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. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. 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. 50% Off Skirts - Exclusively online. 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. A Québec court allowed the company to proceed with the sale of its assets and wind down operations. 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. Shop clearance sale skirts starting at $ 15. CIEDITOR-SABRINA November 2, 2020 November 2, 2020. by CIEDITOR-SABRINA November 2, 2020 November 2, 2020 0. Canadian speciality retailer Le Château has received approval to go ahead with the sale of its assets and close operations. Management thanked “the millions of Canadians who have shopped at Le Château over the past 60 years” while inviting them to “enjoy the incredible savings and styles available in this closing sale”. Accept Read More, Stay up to date with the latest news and exclusive offers directly in your inbox. 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. 11 verified offers for December 2020 Coupon Codes / 30-50% Off Closing Sale at Le Chateau: you shop at Le Chateau. 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. 2 15. WOW !!! NEW. We'll assume you're ok with this, but you can opt-out if you wish. Reply to Thread Reply. [Le Chateau] Nationwide- Le Chateau closing/clearance sale. You can save on items that go on sale and clearance seasonally. 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. Your favourite '90s clothing store is going out of business. Canadian speciality retailer Le Château has received approval to go ahead with the sale of its assets and close operations. Discounts of 20%-40% start today in all 121 stores and lechateau.com . A popular national clothing retailer has become the latest victim of COVID-19. Head to LE CHÂTEAU's Outlet Stores for savings of up to 70%. Le Château announces store closing sale! 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 … Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the … UP TO 80% OFF: Women . by CIEDITOR-SABRINA November 2, 2020 November 2, 2020 0. Lead photo by Le Chateau 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. LE CHÂTEAU summer sale! 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 … A Québec court allowed the company to proceed with the sale of its assets and wind down operations. All Accessories. Stay in the sale loop by subscribing to our mailing list and by heading to our LE CHÂTEAU website daily! The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the … Meanwhile, Le Château customers can take advantage of … If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Today's top discount: $25 Off Your Purchase of $125+. Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. Reason Not a good price Bad product/service Poor merchant reputation 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. 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. Aldo, Le Château, Mendocino, and Frank and Oak have all faced significant challenges. • Up to 85% off summer items. @2020 - CanIndia.com is a division of World Media Corp (Canada) Inc. All Right Reserved. PLUR-worthy fun fur? 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. Search this thread. Up to 85% off summer items. 478 Dundas Street West 50% Off Skirts - Exclusively online. Your IP: 121.41.230.164 WOW !!! Le Château operates network of 121 prime locations across Canada and an e-commerce platform servicing Canada and the US. 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. WATCH: Clothing retailer Le Chateau, founded in Montreal in 1959, has filed for CCAA protection, and plans to close its doors. Jewellery. 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. CLOSING SALE. Online/Instore. Hats, Scarves & Gloves. Le Chateau closure will see shuttering of 14 stores in B.C. The company owns 123 … Belts. “We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores and website. 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. 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 is closing. Author of the article: 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. Women - Le Chateau offers European style for North American women. Author of the article: Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for … Oakville, On L6H 7L8 CANADA, Tel: 416-900-6669 Reason Not a good price Bad product/service Poor merchant reputation Cloudflare Ray ID: 602340b00c65ead7 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. Check the 'Sale/Special Offer/Outlet' section on the navigation bar, and get their sale items with big discount. Radhika Apte champions the nudist cause as she hits the beach in... Radhika Apte shares nude pictures on the beach. Tel: 905-673-6625 Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and … Plus, remember to check for Le Chateau deals and promo codes from Coupons.com. up to; 40; SCORE-13? • Credit: bargainmoose via flickr. 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. 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. Le Chateau has 129 stores across eight Canadian provinces and says that it does not expect to fully resume normal operations until 2022. Shop the best selection in jewelry, all at 40% off, and all dresses and handbags, now at 30% off, said a company statement. A popular national clothing retailer has become the latest victim of COVID-19. 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 is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. Le Château announces store closing sale! Box 30003 Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and … Shop gifts that are sure to delight everyone on your shopping list at incredible savings,” a spokesperson for the JV Group added. Search this thread. : Nov 3rd, 2020 November 2, 2020 2:32 pm ; Category: ;... Across Canada and an e-commerce platform servicing Canada and an e-commerce platform Canada. Of COVID-19 / 30-50 % Off Closing sale at Le Chateau is shuttering stores... Black Friday sale is a highly recommended way to save at Le Chateau deals and codes..., ” a spokesperson for the JV Group added shuttering of 14 stores in B.C sale... Until 2022 by CIEDITOR-SABRINA November 2, 2020. by CIEDITOR-SABRINA November 2, 2020 2:32 pm ; Category Apparel. Read more, stay up to $ 25 with 10 Le Chateau Black sale! Reputation check the 'Sale/Special Offer/Outlet ' section on the navigation bar, and and! 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