Going-out-of-Business Sales Begin at Le Château Stores! Boston, MA, Dec. 26, 2020 (GLOBE NEWSWIRE) -- Gordon Brothers (through its Canadian division, Gordon Brothers Canada ULC) and Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC) (collectively, the " JV Group") announced the start of going-out-of-business sales at all Le Château Inc. stores (NEX: CTU.H) (the " Company” or " Le Château") effective today, December 26, 2020. The JV Group has been managing the store closing process since November while the Company focused on winding down its operations and simultaneously pursuing the sale of its assets. The Company will now transition to a complete going-out-of-business process led by the JV Group.