Going-out-of-Business Sales Begin at Le Chateau Stores

Press Release

Discounts of 40%-60% start today in all stores and lechateau.com 

Date December 26, 2020

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. 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. The Company will now transition to a complete going-out-of-business process led by the JV Group. A full listing of all open* store locations can be found below.

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.

Customers will find the same merchandise at the same discounts on lechateau.com. Shop at your convenience 24/7!

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. We are encouraging consumers to shop their favorite styles early for the best selections at even greater discounts. Stock up on the most popular trends and seasonal favorites all at incredible savings.”

*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. Please reference the open store list below prior to shopping. Stores will re-open as provincial guidelines permit. Customers can shop the sale 24/7 at lechateau.com.

 

Store

Address

City

Province

Zip Code

Market Mall

3625 SHAGANAPPI TRAIL

CALGARY

ALBERTA

T3A 0E2

Sunridge Mall

2525 36TH STREET N-E

CALGARY

ALBERTA

T1Y 5T4

Chinook Centre

6455 MACLEOD TRAIL S.W.

CALGARY

ALBERTA

T2H 0K8

Kingsway Mall

109 STREET & PRINCESS ELIZABETH AVENUE

EDMONTON

ALBERTA

T5G 3A6

West Edmonton Mall - Phase 3

8882 170TH STREET

EDMONTON

ALBERTA

T5T 4M2

South Centre Mall

100 ANDERSON ROAD S.E.

CALGARY

ALBERTA

T2J 3V1

Calgary Eaton Centre (The Core)

751 3RD STREET SOUTH WEST

CALGARY

ALBERTA

T2P 4K8

Londonderry Mall

137TH AVENUE & 66TH STREET

EDMONTON

ALBERTA

T5C 3C8

Bower Place

1000-4900 MOLLY BANISTER DRIVE

RED DEER

ALBERTA

T4R 1N9

Peter Pond Shopping Centre

9713 HARDIN STREET

FORT MCMURRAY

ALBERTA

T9H 1L2

Park Place Shopping Centre

501 1ST AVENUE SOUTH

LETHBRIDGE

ALBERTA

T1J 4L9

Prairie Mall

11801 100TH STREET

GRANDE PRAIRIE

ALBERTA

T8V 3Y2

Southgate Shopping Centre

704 5015-111 STREET NW

EDMONTON

ALBERTA

T6H 4M6

Sherwood Park Mall

2020 SHERWOOD DRIVE

SHERWOOD PARK

ALBERTA

T8A 3H9

South Edmonton Common

1939 99TH STREET

EDMONTON

ALBERTA

T6N 1M7

Medicine Hat Mall

3292 DUNMORE ROAD S.E.

MEDICINE HAT

ALBERTA

T1B 2R4

CrossIron Mills Shopping Centre

261055 CROSSIRON BLVD.

ROCKY VIEW

ALBERTA

T4A 0G3

Central City Shopping Centre

2230 10153 KING GEORGE HIGHWAY

SURREY

BRITISH COLUMBIA

V3T 2W1

Guildford Town Centre

10355 152ND STREET

SURREY

BRITISH COLUMBIA

V3R 7C1

Mayfair Shopping Centre

3147 DOUGLAS STREET

VICTORIA

BRITISH COLUMBIA

V8Z 6E3

Metrotown Centre

4800 KINGSWAY

BURNABY

BRITISH COLUMBIA

V5H 4J2

Victoria Bay Centre

1150 DOUGLAS STREET

VICTORIA

BRITISH COLUMBIA

V8W3M9

Coquitlam Centre

2929 BARNET HIGHWAY

COQUITLAM

BRITISH COLUMBIA

V3B 5R5

Orchard Park

2271 HARVEY AVENUE

KELOWNA

BRITISH COLUMBIA

V1Y 6H2

Pine Centre Mall

101-3055 MASSEY DRIVE

PRINCE GEORGE

BRITISH COLUMBIA

V2N 2S9

Woodgrove Centre

6631 ISLAND HIGHWAY NORTH

NANAIMO

BRITISH COLUMBIA

V9T 4T7

Willowbrook Shopping Centre

19705 FRASER HIGHWAY

LANGLEY

BRITISH COLUMBIA

V3A 7E9

Grandview Corners

16081 24TH AVENUE

SURREY

BRITISH COLUMBIA

V3Z 9H7

Richmond Centre

6060 MINORU BLVD UNIT

RICHMOND

BRITISH COLUMBIA

V6Y 4A8

Seven Oaks Shopping Centre

32900 SOUTH FRASER WAY

ABBOTSFORD

BRITISH COLUMBIA

V2S 5A1

Tsawwassen Mills

5000 CANOE PASS WAY,UNIT

TSAWWASSEN

BRITISH COLUMBIA

V4M 0B3

Regent Mall

1381 REGENT STREET

FREDERICTON

NEW BRUNSWICK

E3C 1A2

Champlain Place

477 PAUL STREET

DIEPPE

NEW BRUNSWICK

E1A 4X5

McAllister Place

519 WESTMORLAND ROAD

SAINT JOHN

NEW BRUNSWICK

E2J 3W9

Bathurst Mall

1300 ST-PETER AVENUE

BATHURST

NEW BRUNSWICK

E2A 3A6

Avalon Mall

48 KENMOUNT ROAD

ST.JOHN'S

NEWFOUNDLAND

A1B 1W3

Halifax Shopping Centre

7001 MUMFORD RD.

HALIFAX

NOVA SCOTIA

B3L 2H8

Mic Mac Mall

21 MIC MAC BOULEVARD

DARTMOUTH

NOVA SCOTIA

B3A 4N3

Lawson Heights

134 PRIMEROSE DRIVE

SASKATOON

SASKATCHEWAN

S7K 5S6

Cornwall Centre

2102 11TH AVENUE

REGINA

SASKATCHEWAN

S4P 0J5

Midtown Plaza

21ST STREET & 1ST AVENUE SOUTH

SASKATOON

SASKATCHEWAN

S7K 1J9

Southland Mall

2965 GORDON ROAD

REGINA

SASKATCHEWAN

S4S 6H7

 


 

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.

 

About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. 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. 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. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across five continents.

 

About Hilco Global - Merchant Retail Solutions, ULC
Merchant Retail Solutions, ULC is a Canadian division of Hilco Global (www.hilcoglobal.com) which provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer’s strategic initiatives. 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. Hilco Global, is one of the world’s leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions. Hilco Global operates twenty specialized business units around the world.