Le Chateau Lauren Christensen & Bob. Products Sold Le Château sells men's wear and...

Le Chateau

Lauren Christensen

& Bob

Products Sold• Le Château sells men's

wear and women's wear. It also sells accessories and footwear.

• Le Chateau began by selling overstock from Peerless

Historical Background

• 1959- Herschel Segal opened the first Le Chateau Store.

• 1960- Herschel Segal was to close to bankruptcy

• 1960- Herschel Segal came

back by selling leather products.

• 1965 Herschel Segal began importing youth clothing from France, Italy & London.

• 1972 Le Chateau grew to 10 store locations.

• In the mid 1970’s Le Chateau grew to over 50 store locations.

• In 1977 Le Chateau went bankrupt.

• In 1983 Le chateau went public and the public raised 7.3 million dollars for the company.

New Direction in the 2000’s

• Le Chateau updated the layout and designs of their stores.

• In 2003 Le Chateau came out with a clothing line from the movie “down with love”

• Le Chateau also came out with a series from Canadian Idol

• Le Chateau made changes in management, the inventory process and quality control.

• For le Chateaus final quarter in 2002 they doubled their profits

• Stock price rose from $2.10 to $11 from 2000-2003

• Sales rose at 4.2% during 2003

• Earnings rose to 40%• Herschel Segal

turned 70 years old in 2001.

Current News Events

Financial Results

Stock ResultsDec 02-

Stock prices were just under $3

Apr 03-

Stock prices dropped a little.

Nov 03-

Increase in Stock prices to around $3

June 04-

Stock prices went up to around $4.20 Jan 05-

Stock prices went up to just over $6

Aug 05-

Stock prices went up to around $12.20

Mar 06-

Stock prices went up to just over $14

Oct 06-

Stock prices dropped to around $11

May 07-

Stock prices went up to $16

Dec 07-

Stock prices went down to just under $14

Works Cited• (Le Chateau Inc.)

http://www.fundinguniverse.com/company-histories/Le-Chateau-Inc-Company-History.html

• (Toronto Stock Exchange)

http://www.tsx.com/