Le Château is a Canadian specialty retailer and manufacturer of exclusively designed apparel, footwear and accessories for contemporary and … 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. Le Château to Close Stores Across Canada. 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. Customers will be able to take advantage of the remaining products both in-store and online. ... [Le Chateau] Closing / Boxing Day Sale - Up to 80% off Clearance / Outlet. Registering at Le Chateau supplies guaranteed exclusive offers and great promotions. The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the … 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. Lead photo by Le Chateau “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 leading Canadian specialty retailer offering contemporary fashion apparel, footwear and accessories to style-conscious women and men. Stay in the sale loop by subscribing to our mailing list and by heading to our LE CHÂTEAU website daily! The offer is expiring soon. 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. An end to an era! The company owns 123 … *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. 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 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. Last month, Le Château announced its intention to liquidate its assets and end the operation of its 123 stores. Customers will find the same merchandise at the same discounts on lechateau.com. Headquartered in Montréal since its founding in 1959, LE CHÂTEAU has […] Customers can shop the sale 24/7 at lechateau.com. Special New Year's Offers for Online Subscriptions! “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.”. I … Sale and discounts exclusively online - LE CHÂTEAU. Your favourite '90s clothing store is going out of business. One analyst has suggested that more than 2,500 big-brand store closures could be announced in Canada this year. Stores will re-open as provincial guidelines permit. Online Exclusive limited time only deals! The Company will now transition to a complete going-out-of-business process led by the JV Group. OUTLET STORE - LE CHÂTEAU offers jackets, shoes, dresses, sweaters and cardigans at low prices. UWOD2020 wrote: ↑ Mexx was good, le chateau is not $5 shipping for $100 purchase? 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 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. Hilco Global operates twenty specialized business units around the world. Please reference the open store list below prior to shopping. There was this Le Chateau outlet at Woodside Square in Scarborough. The Canadian Press Images Shoppers outside Le Chateau at the Eaton Centre on Christmas Eve, Toronto, Ont., Dec. 24, 2015. Aldo, Le Château, Mendocino, and Frank and Oak have all faced significant challenges. Le Château is in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. “We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores and website. 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). Join the conversation with thousands of savvy shoppers in Canada’s largest online forum. We are encouraging consumers to shop their favorite styles early for the best selections at even greater discounts. Join the conversation with thousands of savvy shoppers in Canada’s largest online forum. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Shares in Le Chateau fell sharply in … Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. 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: After 60 years in operation, the Montreal-based clothing retailer announced on Oct. 23 that it plans to close 123 stores and liquidate all its assets. 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. Le Château is in the process of closing all their stores across Canada and have discounts up to 40% off starting this week. Canadian speciality retailer Le Château has received approval to go ahead with the sale of its assets and close operations. 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. Dresses, tops and sweaters, jackets and coats, jackets and vests, trousers and skirts. NEW. A spokesperson for the JV Group said, "Le Chateau has been considered the go-to store for the latest runway fashions and must-have looks for over six decades. 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. About Hilco Global - Merchant Retail Solutions, ULC. Le Chateau is closing. 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. Limited Period offer provides flat certain percent or dollar off on Le Chateau items. Closing Sale 20-40% Off at Le Chateau : Share with your friends to earn Royal Points. Sale! 30-60% Off Closing Sale at Le Chateau: 12/31/2021: You can save on items that go on sale and clearance seasonally. Hurry up to avail an up to 70% OFF discount on Le Chateau products. 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. 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. 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. 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. ... [Le Chateau] Closing / Boxing Day Sale - Up to 80% off Clearance / Outlet. I used to work at Le Chateau Fairview Mall while in University. During this time, the company will remain operational both online and in person. Le Château is going out of business after filing for bankruptcy. Women - Le Chateau offers European style for North American women. And earlier this year, plus-size clothing retailer Addition Elle closed all 74 of its locations . Le Château is liquidating as it prepares to close after about 60 years of operation. New arrivals in seasonal merchandise are also on sale just in time for the holiday season. 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. All Women - Clearance blow out deals promotion is valid for a limited time only. Stock up on the most popular trends and seasonal favorites all at incredible savings.”. The closure is due to the company, with 123 stores across Canada filing for bankruptcy protection. 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. Shop gifts that are sure to delight everyone on your shopping list at incredible savings,” said a spokesperson for the JV Group. Retailer Le Château is seeking court protection from its creditors while it winds down its operations and liquidates its assets. you'll get the latest Le Chateau deals and promo codes delivered right to your inbox. 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. Yes, yes, YES. Hilco Global, is one of the world’s leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions. Check the sale rack. WATCH: Clothing retailer Le Chateau, founded in Montreal in 1959, has filed for CCAA protection, and plans to close its doors. The clothing brand became a mall staple and a hit with young shoppers in the 1980s and '90s. 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. 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