Le Château operates network of 121 prime locations across Canada and an e-commerce platform servicing Canada and the US. Credit: bargainmoose via flickr.

Canadian speciality retailer Le Château has received approval to go ahead with the sale of its assets and close operations.

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).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Investment firm Gordon Brothers and financial services company Hilco Global via their Canadian divisions, collectively known as JV Group, have been appointed to perform store closing sales.

JV Group spokesperson 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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As part of the closing sales, customers are offered discounts of up to 40% on the entire store merchandise including apparel, shoes, boots and accessories.

The entire jewellery collection will be available at 40% off, while all dresses and handbags are offered at a discount of 30%.

Le Château has a network of 121 prime locations across Canada and an e-commerce platform servicing Canada and the US.

The company will be fully operational throughout the liquidation process and stores will remain open following provincial and regional guidelines.

The retailer’s digital business lechateau.com will also remain operational.

Additionally, the company’s 900 employees will continue to serve during the process.