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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Le Château Inc.    CTU.H   CA5211292050

LE CHÂTEAU INC.

(CTU.H)
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Le Château : Chateau postpones annual meeting without explanation on eve of gathering

10/21/2020 | 06:45pm EST

MONTREAL — Embattled clothing retailer Le Chateau Inc. pulled the plug on its meeting of shareholders on the eve of the annual gathering.

The Montreal-based company didn't provide a reason for postponing Thursday's event, saying only it "will provide further updates in due course."

When Le Chateau reported its second-quarter results last month, it said the company's ability to continue as a going concerns for the next 12 months "involves significant judgment and is dependent on, among other things, its ability to obtain necessary financing, either from its existing lenders or from other financing sources."

The retailer also said it had reached agreement with landlords regarding rent obligations as of July.

Like other retailers, the 60-year-old company has been hit hard by mall closures and store closures resulting from the COVID-19 pandemic.

Le Chateau saw its sales plunged to $14.6 million in the three months ending July 25, down from $49.7 million a year earlier.

This report by The Canadian Press was first published Oct. 21, 2020.

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 176 M 138 M 138 M
Net income 2020 -69,2 M -54,4 M -54,4 M
Net Debt 2020 174 M 137 M 137 M
P/E ratio 2020 -0,02x
Yield 2020 -
Capitalization 0,45 M 0,35 M 0,35 M
EV / Sales 2019 0,43x
EV / Sales 2020 1,00x
Nbr of Employees 1 693
Free-Float 34,8%
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Managers and Directors
NameTitle
Emilia di Raddo President & Director
Franco Rocchi Senior Vice President-Sales & Operations
Johnny del Ciancio Secretary & Vice President-Finance
Richard Gill Vice President-Information Technology
David Martz Independent Director
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