Specialty retailer Le Château Inc is providing an update with respect to the timing of its previously announced review with Genuity Capital Markets of various strategic alternatives, including, but not limited to, a sale of the Company, a business combination or a capital reorganization in order to enhance shareholder value.
While Le Château intends to continue its review of strategic alternatives going forward, the Company is devoted to the launch of its key fall selling season and, as such, will not carry out or implement any specific process or action in connection with the review until the release of results for the second quarter on September 7. Notwithstanding the continuation of the review of strategic alternatives, there can be no assurance that any transaction or other alternative will ultimately be completed.
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.
The 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.
The Company's outlets are primarily found in major urban shopping malls and complemented with high pedestrian-traffic, street-front locations.
marketing@alchempro.com
