Aldo, Le Château, Mendocino, and Frank and Oak have all faced significant challenges. The Company will now transition to a complete going-out-of-business process led by the JV Group. Le Chateau has 129 stores across eight Canadian provinces and says that it does not expect to fully resume normal operations until 2022. All Women - Clearance blow out deals promotion is valid for a limited time only. Check the sale rack. Can they bankrupt already I don't know how they managed to [Le Chateau] Closing / Boxing Day Sale - Up to 80% off Clearance / Outlet - Page 2 - RedFlagDeals.com Forums Sign up today for your free Reader Account. Shop at your convenience 24/7! Yes, yes, YES. Hurry up to avail an up to 70% OFF discount on Le Chateau products. Shop gifts that are sure to delight everyone on your shopping list at incredible savings,” said a spokesperson for the JV Group. Limited Period offer provides flat certain percent or dollar off on Le Chateau items. Montreal-based Le Château, a wardrobe staple (especially around prom season) for every cool … 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. The JV Group has been managing the store closing process since November while the Company focused on winding down its operations and simultaneously pursuing the sale of its assets. Approval was granted by the Québec Superior Court Commercial Division to an Amended and Restated Initial Order and a Liquidation Order pursuant to the Companies’ Creditors Arrangement Act Canada (CCAA). Shares in Le Chateau fell sharply in … Stores will re-open as provincial guidelines permit. The offer is expiring soon. No More Savings FOMO. Le Château to Close Stores Across Canada. Plus, remember to check for Le Chateau deals and promo codes from Coupons.com. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. LE CHÂTEAU is a leading Canadian specialty retailer offering contemporary fashion apparel, footwear and accessories to style-conscious women and men. [Lenovo Canada] ThinkBook 13s Intel "evo" laptop 16:10 2.5K touchscreen, I7-1165G7,16G 4266MHz DDR4X , 512GB SSD $1,039.05 +29 53 comments [Home Depot] Milwaukee M12 FUEL 12V Li-Ion Brushless Cordless 1/4-inch Hex Impact Driver Kit with (2) … Please reference the open store list below prior to shopping. And earlier this year, plus-size clothing retailer Addition Elle closed all 74 of its locations . “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. 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. Lead photo by Le Chateau NEW. Starting today, Le Château customers can take advantage of even deeper discounts up to 60% off the entire store: Shop the best selection in jewelry, men’s suits and ties all at 60% off, and all dresses, shoes and handbags, now offered at 50% off. Canadian speciality retailer Le Château has received approval to go ahead with the sale of its assets and close operations. Le Château is in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. Le Chateau is closing. 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. Hilco Global, is one of the world’s leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions. Sale and discounts exclusively online - LE CHÂTEAU. Le Château is liquidating as it prepares to close after about 60 years of operation. UWOD2020 wrote: ↑ Mexx was good, le chateau is not $5 shipping for $100 purchase? Le Château is going out of business after filing for bankruptcy. Customers can shop the sale 24/7 at lechateau.com. The JV Group has been managing the store closing process since November while the Company focused on winding down its operations and simultaneously pursuing the sale of its assets. We are encouraging consumers to shop their favorite styles early for the best selections at even greater discounts. 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. *Effective December 25 and December 26 respectively, Quebec and Ontario Provinces have been ordered to shutdown all non-essential businesses in order to curb the surge in Covid-19 cases. Gordon Brothers is headquartered in Boston, with 25 offices across five continents. Women - Le Chateau offers European style for North American women. 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. OUTLET STORE - LE CHÂTEAU offers jackets, shoes, dresses, sweaters and cardigans at low prices. Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and style-conscious women and men, with an extensive network of 121 prime locations across Canada and an e-com platform servicing Canada and the U.S. Author of the article: Postmedia News. Registering at Le Chateau supplies guaranteed exclusive offers and great promotions. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Boston, MA, Dec. 26, 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") announced the start of going-out-of-business sales at all Le Château Inc. stores (NEX: CTU.H) (the "Company” or "Le Château") effective today, December 26, 2020. I liked Le Chateau for a men's stuff for a while, but found the quality to be pretty poor and it was a big turnoff to pay $80+ for shirts that came in only S, M, L sizing (as opposed to collar/sleeve sizing as per EVERY other quality shirt retailer). Discounts of 40%-60% start today in all stores and lechateau.com. ... [Le Chateau] Closing / Boxing Day Sale - Up to 80% off Clearance / Outlet. New arrivals in seasonal merchandise are also on sale just in time for the holiday season. I … Online Exclusive limited time only deals! A full listing of all open* store locations can be found below. I used to work at Le Chateau Fairview Mall while in University. The retailer filed an application seeking the court’s protection from its creditors, which had been set to go before the Superior Court of Quebec on October 23. 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. Dresses, tops and sweaters, jackets and coats, jackets and vests, trousers and skirts. One analyst has suggested that more than 2,500 big-brand store closures could be announced in Canada this year. Le Château is in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. © 2021 GlobeNewswire, Inc. All Rights Reserved. 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. Special New Year's Offers for Online Subscriptions! 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 has 1,400 employees – 900 retail store employees and 500 employees at its head office in Montreal – and 123 stores across Canada, plus an … 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 Chateau entering creditor protection, closing all 123 stores in Canada. Daily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Hilco Global operates twenty specialized business units around the world. The Canadian Press Images Shoppers outside Le Chateau at the Eaton Centre on Christmas Eve, Toronto, Ont., Dec. 24, 2015. Headquartered in Montréal since its founding in 1959, LE CHÂTEAU has […] 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. Join the conversation with thousands of savvy shoppers in Canada’s largest online forum. The closure is due to the company, with 123 stores across Canada filing for bankruptcy protection. 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. An end to an era! 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 is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and … WATCH: Clothing retailer Le Chateau, founded in Montreal in 1959, has filed for CCAA protection, and plans to close its doors. Customers will be able to take advantage of the remaining products both in-store and online. Customers will find the same merchandise at the same discounts on lechateau.com. “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 favourite products.”. PLUR-worthy fun fur? 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. The firm’s activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment. About Hilco Global - Merchant Retail Solutions, ULC. ... [Le Chateau] Closing / Boxing Day Sale - Up to 80% off Clearance / Outlet. 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. you'll get the latest Le Chateau deals and promo codes delivered right to your inbox. Last month, Le Château announced its intention to liquidate its assets and end the operation of its 123 stores. Sign up for our newsletter to get exclusive content, contests, and perks direct to you. There was this Le Chateau outlet at Woodside Square in Scarborough. Sale! 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