You can save on items that go on sale and clearance seasonally. 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. The manager told me that she was told they won't begin liquidation until January with all stores shutting down by April. Email (Le Chateau) Le Château announced on Friday that it will be filing for creditor protection as it liquidates all assets and winds down its operations. Here is a look at some of the major retail closures announced in Canada in 2020, both before and during the pandemic. 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 Chateau announced Friday it is seeking to shut down all 123 locations across Canada and liquidate its assets. Monday, Nov. 2, 2020. ICONIC CANADIAN FASHION retailer Le Château is seeking court protection from its creditors while it winds down its operations and liquidates its assets. Le Chateau currently has 123 stores across Canada, in addition to its e-commerce website. 2,941 Likes, 21 Comments - CHANEL (@chanelofficial) on Instagram: “Photographer Juergen Teller captures the closing scene of the CHANEL ‘Le Château des Dames’…” The closure is due to the company, with 123 stores across Canada filing for bankruptcy protection. Le Chateau closure will see shuttering of 14 stores in B.C. Montreal-based fashion retailer Le Chateau is shuttering its stores, it was announced on Friday. All rights reserved. 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. That's down from almost $50 million in the same period last year. 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. Le Château is just one of many Canadian retail stores that have been forced to close up shop this year. Le Château INC. For 60 years, Le Château has brought closet staples and fashion-forward items to Montrealers, Canadians and people all over the world. 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. Author of the article: 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 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. ReddIt. Plus, remember to check for Le Chateau deals and promo codes from Coupons.com. Save up to $25 with 10 LE CHATEAU Canada coupons, promo codes or sales for December 2020. A Le Chateau clothing store is seen in a shopping mall in Joliette, Que. Your favourite '90s clothing store is going out of business. Le Chateau has 129 stores across eight Canadian provinces and says that it does not expect to fully resume normal operations until 2022. 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. ... may 24th, 2007 le chÂteau announces closing of $18.9 million bought deal secondary offering by principal shareholder. 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. BC Elections 2020; Le Château hangs up its hat, closing all 123 stores across Canada By. Bower Place Shopping Centre has a Le Chateau store. The company will remain “fully operational” and the stores are expected to remain open throughout the liquidation process. Today's top discount: $25 Off Your Purchase of $125+. That includes four stores in New Brunswick and two in Nova Scotia. ... he added, and has done the right thing in closing unprofitable stores and boosting e-commerce operations. — Smash (@macsmashley) October 23, 2020. The application under the Companies’ Creditors Arrangement Act for protection from … The closing scene of the CHANEL Le Château des Dames 2020-2021; @Chanel Le Château des Dames 2020/ 2021 Métiers d’art collection show; photo @Juergen Teller A play of volumes and materials builds a modern, sophisticated silhouette. october 26th, 2020 le chateau announces transfer of listing to nex. Headquartered in Montréal since its founding in 1959, LE CHÂTEAU has […] Tim Ford - October 23, 2020. Oct 23rd, 2020 @ 5:14 pm; I just got back from Le Chateau at Rideau Centre in Ottawa. Canadian Clothing Store LE CHÂTEAU Announces Closing ALL Stores October 24, 2020 admin 84 Views. ” and the stores are expected to remain open throughout the liquidation process go on Sale and clearance.! 5:14 pm ; I just got back from Le Chateau is shuttering its stores it... 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