Le Chateau files for court protection, plans to shut down

After 60 years in operation, Le Chateau Inc. is seeking court protection from creditors to allow it to liquidate its assets and close its stores. The Montreal-based company said Friday that it has spent much of the COVID-19 pandemic trying to refinance or sell the business to a third party that would keep it in operation, but was unsuccessful. "Its already evident impact on consumer demand for Le Chateau's holiday party and occasion wear, which represents the core of our offering, has diminished