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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 : Clothing retailer Le Chateau files for CCAA protection, plans to close its doors

10/23/2020 | 08:42am EST

MONTREALLe Chateau Inc. says it is seeking court protection from creditors to allow it to shut down and liquidate its assets.

Le Chateau's application under the Companies' Creditors Arrangement Act will be heard today by a Quebec court.

The clothing retailer says it can no longer continue its operations as a going concern.

It says circumstances leave the company with no option other than to start the liquidation process.

Le Chateau has 123 locations across Canada and an e-commerce platform servicing Canada and the U.S.

It has 500 head office employees and 900 retail store employees.

This report by The Canadian Press was first published Oct. 23, 2020.

Companies in this story: (TSXV:CTU)

© 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%
Chart LE CHÂTEAU INC.
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Income Statement Evolution
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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LE CHÂTEAU INC.0.00%0
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