Le Chateau founder and wife leave insolvent company as it prepares to close doors

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Le Chateau Inc. says its founder and his wife have left the insolvent company as it prepares to close its doors.

Silverstone Segal had ceased to be board chairwoman and chief executive effective Oct. 26, shortly after it obtained creditor protection.

The Montreal-based company thanked them for their "contributions, efforts, service and dedication" over the years.Segal started the company in the late 1950s and later co-founded DavidsTea, which is also in creditor protection but is restructuring under the leadership of daughter Sarah.

 

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