le chateau lauren christensen & bob. products sold le château sells men's wear and...
TRANSCRIPT
![Page 1: 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](https://reader035.vdocuments.net/reader035/viewer/2022072011/56649e115503460f94afd718/html5/thumbnails/1.jpg)
Le Chateau
Lauren Christensen
& Bob
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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
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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.
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• 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.
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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.
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• 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.
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Current News Events
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Financial Results
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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
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Works Cited• (Le Chateau Inc.)
http://www.fundinguniverse.com/company-histories/Le-Chateau-Inc-Company-History.html
• (Toronto Stock Exchange)
http://www.tsx.com/