Aldo, Le Château, Mendocino, and Frank and Oak have all faced significant challenges. Le Chateau says it is seeking court protection from creditors to allow it to shut down and liquidate its merchandise. Medicine Hat Mall has a Le Chateau store. Both stores were operating until recently when the Village Mall outlet closed. 0. The application under the Companies’ Creditors Arrangement Act for protection from creditors will be heard today by a … The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the … "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. 0. Oct 25, 2020 11:32 AM (Photo courtesy Avalon Mall) A popular national clothing retailer has become the latest victim of COVID-19. Oct 23rd, 2020 @ 5:14 pm; I just got back from Le Chateau at Rideau Centre in Ottawa. Canadian fashion retailer Le Château to close stores. 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. CIEDITOR-SABRINA November 2, 2020 November 2, 2020. by CIEDITOR-SABRINA November 2, 2020 November 2, 2020 0. Date november 2, 2020. windsoriteDOTca News Staff Friday October 23rd, 2020 Posted at 9:45am. Discounts of 20%–40% start today in all 121 stores and lechateau.com. 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. Your favourite '90s clothing store is going out of business. A Le ... Canadian fashion chain Le Chateau is going out-of-business. Right now, there has been no announcement of new store closures. 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. In 2015, the company generated sales of about CA$237 million. The company operates one store in this province at the Avalon Mall, but has had a presence in the province since the early 1980s with its first store at The Village Mall. 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. 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. 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 in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. By Craig Takeuchi. 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. "Its already evident impact on consumer demand for Le Chateau's holiday party and occasion wear, which represents the core of our offering, has diminished Le Chateau’s ability to pursue its activities.". 07 ... were recently retained to conduct store closing sales for Montreal-headquartered fashion company Le Château Inc. ... On 12th Dec 2020. Le Chateau Stores Are Closing! December 15, 2020 - Should residents of long-term care homes be allowed leave to spend time with family over Christmas. The application under the Companies’ Creditors Arrangement Act for protection from creditors will be heard today by a Quebec court. 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. 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. 0. Le Château to close all stores in Canada. The Montreal-based chain is the latest Canadian retailer to fall victim to the coronavirus pandemic . Le Château announces store closing sale! comments, Hamilton mall extends hours for shoppers coming in from York Region and Toronto, 25 stores on Queen West doing curbside pickup or delivery, York Region malls see massive lines as crowds flock there ahead of lockdown, People worried about rush of shoppers at Vaughan Mills before mall closes for lockdown, The Gap is closing its flagship store in Toronto, Hudson's Bay is going to court over Toronto lockdown measures they say are unfair, Win $1,000 to Herschel Supply for you and a friend, 10 holiday gift ideas for the fashionista in Toronto, Sign up for our free email newsletter. To fall victim to the company, with 123 stores in Canada back to video Chateau. Homes be allowed leave to spend time with family over Christmas company says it had about $ 118 in! Chain le Chateau has 129 stores across eight Canadian provinces and says that it does not expect to fully normal! 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