The Montreal-based retailer that was beloved by shoppers looking for dressy apparel without the luxury prices announced Friday that it is seeking court protection from creditors and wants to close its stores.
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. Le Chateau expected Gordon Brothers Canada ULC and Merchant Retail Solutions ULC to be appointed as consultants to implement the liquidation and PricewaterhouseCooper Inc. to become its monitor in CCAA proceedings.
Part of why Le Chateau met its demise is because it is hard to be an evergreen brand that appeals to every generation, said Winder. "To be honest, I thought this would happen to Le Chateau a lot earlier, even before COVID," said Winder.
Premium price for less than regular closes..
I loved Le Chateau but unfortunately their clothes were overpriced for the low quality of them
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Le Chateau Files For Creditor Protection, Begins LiquidationThe Montreal-based retailer says it can no longer continue operating.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Clothing retailer Le Chateau files for CCAA protection, plans to close its doorsLe Chateau Inc. says it is seeking court protection from creditors to allow it to shut down and liquidate its assets. No no no. Frig. I feel bad for their Employees but the clothes were crap & fell apart after wearing them twice LeChateau I mean did many people even shop there? I feel for the employees, but the quality there is aweful
Source: CTVNews - 🏆 1. / 99 Read more »
Thank You, Le Château, For The Questionable Fashion Moments That United UsRIP to all the babydoll dresses and polka dot shirts. That's a Google dress! 😆 When they came out in the 80’s it was punk rock magic!!! Loved that chain as a kid! Thanks for posting an informative article filled with memories rather than the copy and paste, wannabe retail insider articles out there.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Clothing retailer Le Chateau files for CCAA protection, plans to close its doorsLe Chateau Inc. says it is seeking court protection from creditors to allow it to shut down and liquidate its assets. No no no. Frig. I feel bad for their Employees but the clothes were crap & fell apart after wearing them twice LeChateau I mean did many people even shop there? I feel for the employees, but the quality there is aweful
Source: CTVNews - 🏆 1. / 99 Read more »
Le Chateau Files For Creditor Protection, Begins LiquidationThe Montreal-based retailer says it can no longer continue operating.
Source: HuffPostCanada - 🏆 61. / 53 Read more »