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

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines