As previously announced on March 14th 2006, the company engaged Genuity Capital Markets to assist in evaluating various strategic alternatives, including, but not limited to, a sale of the company, a business combination or capital reorganization. The process continues and there can be no assurance that any transaction or other action will result.
For the first five weeks ended June 3rd 2006, total retail sales increased 0.1 percent and same store sales decreased 4.1 percent compared to the same period last year.
Le Château is a leading Canadian brand in specialty retailing offering a broad array of contemporary fashion apparel, accessories and footwear for style-conscious women and men.
Le Château brand is synonymous with ageless fashion at accessible prices and is sold exclusively through the company's 188 retail locations across Canada, except for five locations in the New York City area. Its outlets are primarily found in major urban shopping malls and complemented with high pedestrian-traffic, street-front locations.
The company's 47-year tradition of vertical integration, a design and manufacturing approach to retailing, makes it unique among Canadian fashion merchants.
marketing@alchempro.com
