Clothing retailer Le Chateau, founded in Montreal in 1959, has filed for CCAA protection, and plans to close its doors. The company owns 123 stores and employs more than 1,400 people. As Global’s Tim Sargeant explains, this latest bankruptcy notice is just one in a long chain of businesses failing due to the pandemic.
- 2,145 more coronavirus cases confirmed as Canadian total pushes past 215,000
- Le Château plans to close its doors, files for CCAA protection