Le Château Stores Are Closing!

FILE: A Le Château store in Promenade (Photo By Raysonho @ Open Grid Scheduler / Grid Engine – Own work, CC0)

Discounts of 20%-40% start today in all 121 stores and lechateau.com

BOSTON, Nov. 2, 2020 /CNW/ – 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“) have been retained to conduct store closing sales for Le Château Inc. (NEX: CTU.H) (the “Company” or “Le Château“) effective on November 2, 2020. The Québec Superior Court (Commercial Division) approved today an Amended and Restated Initial Order and a Liquidation Order pursuant to the Companies’ Creditors Arrangement Act (Canada) (the “CCAA“) permitting the Company to proceed with the sale of its assets and wind down of its operations. A full listing of store locations can be found here.

Starting November 2, Le Château customers can take advantage of discounts up to 40% off the entire store: apparel, shoes, boots and accessories. Shop the best selection in jewelry, all at 40% off, and all dresses and handbags, now at 30% off.

A spokesperson for the JV Group said, “We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores and website. New arrivals in seasonal merchandise are also on sale just in time for the holiday season. Shop gifts that are sure to delight everyone on your shopping list at incredible savings.”

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. 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 favorite products.

Throughout this liquidation process, the Company will remain fully operational, and physical stores are expected to remain open in conformity with provincial and regional guidelines. Customer can shop the sale 24/7 at lechateau.com.

About Le Château
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.