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    CTU.H   CA5211292050

LE CHÂTEAU INC.

(CTU.H)
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Le Chateau Inc. : sells assets to Suzy's Inc., after filing for CCAA last year

06/25/2021 | 01:58pm EDT

Canadian retailer Le Chateau Inc. says it has completed the sale of its intellectual property and assets to Suzy's Inc.

The sale comes as Le Chateau looks to complete the wind up of its operations under court protection from creditors under the Companies' Creditors Arrangement Act.

The deal was cleared by the Quebec Superior Court on June 22 and was completed today, Le Chateau said.

The company said all of Le Chateau's executives and directors resigned following the closing of the sale.

Suzy's specializes in women's clothing and footwear with more than 130 stores across Canada.

Le Chateau was one of many Canadian retailers that filed for bankruptcy during the pandemic.

This report by The Canadian Press was first published June 25, 2021.

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 176 M 142 M 142 M
Net income 2020 -69,2 M -56,0 M -56,0 M
Net Debt 2020 174 M 141 M 141 M
P/E ratio 2020 -0,02x
Yield 2020 -
Capitalization 0,45 M 0,36 M 0,36 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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Le Château Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers and Directors
Emilia di Raddo President
Johnny del Ciancio Vice President-Finance
Richard Gill Vice President-Information Technology
Franco Rocchi Senior Vice President-Sales & Operations
David Martz Director
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