261:
55:
393:, and footwear. Le Chateau now has over 240 stores in Canada. While Le Château is publicly traded, the company is tightly held with 67% of shares owned by Silverstone, the company's board, executives and two institutional investors. In addition, the shares have less than 2% of voting rights. The CEO at the time was Segal's wife, Jane Silverstone-Segal, following her promotion during the 2008 restructuration.
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in London, a fashion centre at the time, as well as other imports such as French suits and
Italian turtlenecks. This worked well, and within a few years, Le Château completely phased out the original traditional clothing style to concentrate on selling fashionable imports to youths. Segal claims that
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to Canada, and had the latest
European fashion before it even arrived in New York City. Le Château played an integral yet little known role in John Lennon and Yoko Ono's 1969 Montreal bed-in, providing the signature velour jumpsuits worn by the pair. By 1972, the chain grew to 10 stores, and by the
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feelings occurring in Quebec. At first, Le Château was not a "fashion-forward" store, as it would later become, as Segal sold overstock from his father's old store. In 2003, Segal described his early customers as "old ... blue-haired ladies." Le Château did well at first, and three more stores were
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gaining market share, Le Château relaunched their brand in 2012. The company went from apparel for young shoppers to "new concept" stores carrying better quality, grown-up clothes at various price points. The rebranding was complete with a new logo and new white, sterile, more upscale stores, with
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In 2014, Le Château launched a partnership with "Dress For
Success", a non-profit corporation to help economically disadvantaged women by providing them with interview attire. Le Château has committed over 1.4 million dollars of clothing to the program. Le Château is further collaborating to the
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In 2003, Segal acknowledged the "disposable fashion" stereotype, and said the company "forgot about" the product. "We might have been sloppy," he said. "But now we're putting in more money and time. We have an inspection system and a young lady who's a grad of a textile school. We never had that
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styled clothing and in 1997, it launched a short lived adolescent girls brand "Jr. Girls." You cannot ignore its early expansion to the USA, successful at first but bad management caused a massive failure, the
Chicago area locations were amazing until they were not.
321:(TSX). It raised $ 7.3 million. By the early 1990s, Le Château had 160 stores and had switched to doing most of its design and manufacturing itself. In the early 1990s, there was a prolonged recession in Canada which hurt most business in the clothing industry.
429:, because it no longer met the Toronto Stock Exchange's listing requirements. The company has recently experienced significant financial trouble, with losses of $ 35 million a year from 2014 to 2016, and has been forced to borrow from founder Herschel Segal.
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before." Since then, Le Château has been trying to build up its brand image, and shed the image that its clothes are "only for wearing to nightclubs," a view that still persists. That year, it released a collection based on the 1960s-set
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By 1999, the company's stock fell to an eight-year low. This led to a management shakeup, store redesign, changes to the merchandise, and according to Le Château, a concerted effort to improve its quality and image.
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In
October 2020, Le Château announced the closing of all 123 stores across Canada. Stores remained in operation during its liquidation process, however about 1,400 jobs were lost when the chain ceased operation.
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In April 2022 the brand opened 37 shops within a shop locations in Suzy Shier stores around Canada. The reopened stores focused on affordability and the first collection had focused on eveningwear.
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end of the decade Le Château had over 50 stores across Canada. By this time, Le Château had shifted to selling mainstream fashion instead of the latest imports from Europe.
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In 1962, Le Château added women's clothing, shortened the name to "Le Château", and switched to selling imported
European fashions. The store imported from
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million. The company operates in 57 Suzy Shier stores, before bankruptcy, they sold directly to customers from 123 retail stores in Canada and 5 in the
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237:, Canada and designed, imported, and retailed women's and men's apparel, accessories, and footwear. In 2015, the company generated sales of about
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On April 18, 2021, the online store was closed down. In June 2021 the remaining assets of the brand were sold to Suzy's Inc.
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414:.The movie was released across Canada in early 2015. Le Chateau used this opportunity to launch a clothing line named
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opened. However, by the early 1960s the company was close to bankruptcy, and all but the original store were closed.
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630:"Entertainment News | Breaking Headlines, Gossip, Photos & Videos | National Post"
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nickel fixtures and glass shelving. Known for their tailored and form-fitting clothes, it sells
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On
November 16 2021, the brand was relaunched online only after being purchased by Suzy Shier.
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To further the new company direction, Le Château clothes were featured in the
Canadian film,
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652:"Reitmans and Le Château: How two fashion retailing icons are fighting to stay in the game"
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847:"Fashion comeback: Le Château returns to brick-and-mortar stores across Canada | Venture"
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In July 2020, after several months of declining business, and hindered further by the
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is a fashion company, currently owned by Suzy's Inc. The chain was founded in 1959 in
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This article is about the
Canadian fashion retailer. For the district (quarter) of
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734:"Le Château goes bust, becoming the latest retail victim of COVID-19 | CBC News"
704:"Clothing retailer Le Chateau obtains CCAA protection, plans to close its doors"
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441:, Le Château stated there is "significant doubt" it will survive another year.
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Founded by
Herschel Segal in 1959, as "Le Chateau Men's Wear", it began as a
873:"Broken Social Scene's Brendan Canning on his five favourite Toronto spots"
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822:"Le Chateau to Relaunch in Canada this Month in Suzy Shier Partnership"
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686:"Le Chateau says there is 'significant doubt' it can stay in business"
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With many US retailers expanding into Canada, including competitor
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778:"Le Château Announces Completion of Sale of Assets to Suzy's"
287:. Segal gave his store a French name because of the budding
760:"Le Chateau files for court protection, plans to shut down"
796:"Le Château is officially relaunching in Canada | Venture"
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Companies formerly listed on the Toronto Stock Exchange
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Companies formerly listed on the TSX Venture Exchange
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In the mid 90s, Le Château experimented briefly with
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989:Companies that have filed for bankruptcy in Canada
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960:"Le Chateau Launches Dress for Success Program,"
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132:Emilia Di Raddo (President, Secretary, Director)
940:"Retail Sector Shudders in Eaton's Shock Wave,"
468:cause, through partnerships with stars such as
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350:and was the exclusive supplier of clothing to
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418:, a fashion line inspired by Lauren Holly.
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994:Clothing companies established in 1959
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421:In 2017, Le Château delisted from the
300:Le Château was the first to introduce
916:, November–December 2002, p. 23.
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433:Bankruptcy and liquidation: 2020-2021
313:In December 1983, Le Château had its
999:Retail companies established in 1959
820:Insider, Retail (November 3, 2021).
758:Deschamps, Tara (October 23, 2020).
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955:, September 29, 2003, p. 16.
640:
650:Kopun, Francine (May 26, 2017).
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871:Johnson, Ron (April 13, 2022).
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684:Flanagan, Ryan (July 7, 2020).
1029:1980s initial public offerings
965:, October 30, 2014, p. 1.
921:"Le Chateau's American Dream,"
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622:
496:"TSE:CTU.SV.A - Google Search"
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1:
1014:1959 establishments in Quebec
906:, August 15, 1992, p. 6.
901:"Clothing Sector in Tatters,"
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605:The Clothes That Made the Man
979:Clothing retailers of Canada
572:"Le Château Company Profile"
463:Dress For Success non-profit
309:IPO and expansion: 1983-2003
36:Le Château, Saint Barthélemy
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1004:Companies based in Montreal
929:"More 34th Street Changes,"
439:COVID-19 pandemic in Canada
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619:, February 17, 2003, p. 36
517:"Le Château Annual Report"
402:, featuring stars such as
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337:Restructuring: 2003-2011
40:Chateau (disambiguation)
27:Canadian fashion company
315:initial public offering
945:, March 1, 1997, p. 4.
522:. 2015. Archived from
425:, and relisted on the
423:Toronto Stock Exchange
319:Toronto Stock Exchange
272:Early years: 1959-1982
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264:A Le Château store in
38:. For other uses, see
1009:Saint-Laurent, Quebec
472:, having her promote
360:Rebranding: 2012-2019
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173:$ 236,876,000 (2015)
104:Saint-Laurent, Quebec
950:"Quitting the Club,"
911:"Consuming Passion,"
708:ca.finance.yahoo.com
554:"Le Château History"
452:Return: 2021-present
427:TSX Venture Exchange
190:$ 35,745,000 (2015)
714:on November 1, 2020
196:Number of employees
130:Jane S. Segal (CEO)
49:
953:Marketing Magazine
919:Kletter, Melanie,
877:Streets Of Toronto
610:2006-01-01 at the
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155:Plus-size clothing
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780:(Press release).
617:Canadian Business
529:on March 27, 2017
474:Dress For Success
282:downtown Montreal
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712:the original
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667:. Retrieved
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634:nationalpost
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558:the original
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524:the original
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473:
470:Lauren Holly
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370:fast fashion
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250:Saudi Arabia
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149:Evening wear
99:Headquarters
62:Company type
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743:October 23,
718:October 23,
669:January 30,
387:casual wear
383:formal wear
289:francophone
145:Casual wear
141:Formal wear
116:Area served
973:Categories
963:Le Chateau
894:References
404:Chris Noth
180:Net income
126:Key people
66:Subsidiary
18:Le Chateau
882:March 30,
856:March 30,
831:March 30,
805:March 30,
782:CNW Group
664:0319-0781
533:March 27,
280:store in
266:Promenade
220:lechateau
764:Montreal
608:Archived
278:menswear
152:Footwear
137:Products
72:Industry
690:CTVNews
374:H&M
366:Express
346:movie,
317:on the
256:History
215:Website
210:YM Inc.
165:Revenue
91:Founder
80:Founded
75:Fashion
662:
368:, and
206:Parent
120:Canada
109:Canada
34:, see
527:(PDF)
520:(PDF)
480:Notes
884:2023
858:2023
833:2023
807:2023
745:2020
720:2020
671:2018
660:ISSN
535:2017
410:and
378:Zara
376:and
326:Goth
248:and
240:CA$
222:.com
932:WWD
924:WWD
738:CBC
246:UAE
242:237
975::
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
