A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. TORONTO -- A major Canadian clothing retailer that was struggling even before the COVID-19 pandemic says it's no longer sure if it will be able to remain in business for another year.
"There are material uncertainties that cast significant doubt upon [our] ability to continue as a going concern," the company said inThose uncertainties predated the pandemic, as the company said it was already in debt and has defaulted on loans. Now, though, the Montreal-based retailer says it needs to obtain new financing to stay afloat.
Suprised BLM never burnt them to the ground. CTV is a garbage news station, who represent garbage people. Defund this loser news station. And break up Canada, the east only cares about itself.
Why all so negative. This is a Canadian retailer. Not many left.
That's ok
Overpriced ugly clothes to begin with 😬
No more cat water!?!?
Bye bye trashy clothes
Who knew it was still in business?
Drat, where's my tiny violin?
If they weren't over priced crap to begin with I might care more
Le Crapeau is still around?
Is this tweet from the 90's?
Meh. 🤷♂️
Well if their clothes were not crap, that would be a good start.
Justina Trudeau will step in to save them because they are a “French” company...
50 percent of all retail will be gone by January in Canada Home owners will foot the bill for lost retail and commercial city incomes. Hold on to your hats folks, not only are your RRSP's and investments/Pensions going to be gone but your tax bill is about to skyrocket.
Good!!!! This place and its awful unrealistic sizing.
Alternative headline - Andrew Scheer seen at Pearson not wearing a mask!
Where is your report on this?
Every time a business closes due to covid-19, Jeff Bezos responds....
They better not go out of business, cus half my skirts are from there
Ask the rich conservatives why don’t they buy your goods and prefer American stores!
Oh no, I have loved this store for years and many of their clothes are made in Canada.
Didn’t they just get a contract to supply 500K hospital disposible gowns?
I didn’t think they were still in business....
89.99 for a sweater...I'll pass. Rw&co is next with their 130 dollar pants
Not when your up against Wish and all these other clothing sales online through Facebook individual distributors making a killing
Takes advantage of capitalism to exploit cheap labour and sell trash; is mad when the invisible hand b*tchslaps them into bankruptcy. SorryNotSorry
Le Chateau is the Radio Shack of clothing stores - held on longer than even Le Chateau could believe. I can just picture their annual Board of Directors meetings for the last 20 years - “Holy sh*t, well, here we are yet again!”
Won’t be missed
dinosaurs like le chateau gotta realize it's time to go.
Weren't they making hospital gowns a week ago?
Don’t even know how it lasted that long. Over priced garbage. Even when they had their outlet they were selling dresses from over 10 years ago for ridiculous prices.
Nooooo! I love that store!!!
Le Chiteau
Overpriced
Where in the heck will people buy shiny polyester if it goes under?
probably the worst quality clothes I have seen, along with Forever 21. bye bye
Well if it wasn’t so expensive maybe you guys could of stayed in business for a long time.
It's fast fashion and a god damn scourge. See you bye
They are still around? WOW
Overpriced for nothing. Dresses over $100? Give me a break!!!
Who even shops here.....cya bye. Waste of space
They so bloody expensive for no reason
I thought they were already closing
I'm shocked the store of over-priced medium-to-low-quality dresses has run its course! Maybe when schools come back and people need a cheap semi-formal number
Waaa waa waa! There. I played a sad trumpet for them. Can we grt back to the regularly scheduled propaganda now so we can keep roasting you!?
The horror. Where will we get our sweatshop made euro fashions of the early 2000s? Dig deep people this bailout needs to happen
I’m actually shocked that this company is still around..
This is sad ! Where will I get their beautiful jackets.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CP24 - 🏆 30. / 67 Read more »
Source: VancouverSun - 🏆 49. / 61 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »