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Le Chateau files for CCAA protection, plans to close its doors – BayToday.ca

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MONTREAL — 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.

There is presently a Le Chateau store in North Bay at Northgate Shopping Centre.

“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 Le Chateau’s ability to pursue its activities,” the company said. 

“Regrettably, these circumstances leave the company with no option other than to commence the liquidation process.”

The company’s application for protection from creditors under the Companies’ Creditors Arrangement Act (CCAA) will be heard by a Quebec court on Friday.

Le Chateau said it intends to remain fully operational as it liquidates its 123 stores, but the eventual closures will mean the end of about 1,400 jobs — 500 at its head office and 900 at stores.

“We regret the impact this will have on our people and can assure you that we explored all options available to us prior to taking this difficult decision,” the company said.

Le Chateau expects Gordon Brothers Canada ULC and Merchant Retail Solutions ULC to be appointed as consultants to implement the liquidation and PricewaterhouseCooper Inc. to become its monitor in CCAA proceedings.

If Le Chateau’s CCAA application is granted, the company will obtain interim financing from Wells Fargo Capital Finance Corp. Canada to help it fund post-filing working capital requirements.

The company’s application comes after several other Canadian retailers have shuttered or downsized operations in the wake of the pandemic.

Reitmans Canada Ltd., Aldo Group Inc., DavidsTea Inc., Mountain Equipment Co-operative, Moores the Suit People Corp., and Laura’s Shoppe Inc. are among the dozens of retailers that have all filed for CCAA. 

This report by The Canadian Press was first published Oct. 23, 2020.

Companies in this story: (TSXV:CTU)

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Stocks Gain on Start of Formal Biden Power Shift: Markets Wrap – Yahoo Canada Finance

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Outlook on the Ultraviolet Disinfection Equipment Global Market to 2026 – Impact of COVID-19

Dublin, Nov. 24, 2020 (GLOBE NEWSWIRE) — The “Ultraviolet Disinfection Equipment Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026” report has been added to ResearchAndMarkets.com’s offering. As the Ultraviolet Disinfection Equipment industry shifts, the report presents the emerging market trends, factors driving the Ultraviolet Disinfection Equipment market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Ultraviolet Disinfection Equipment companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Ultraviolet Disinfection Equipment industry trends. To avoid getting left behind in an intensive competitive Ultraviolet Disinfection Equipment market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Ultraviolet Disinfection Equipment companies must strengthen their capabilities to maintain their market shares in the Ultraviolet Disinfection Equipment industry. To assist Ultraviolet Disinfection Equipment manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of “Ultraviolet Disinfection Equipment market size, share, opportunities, and outlook to 2026”. The report explores changing Ultraviolet Disinfection Equipment market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets. The report presents an introduction to the Ultraviolet Disinfection Equipment market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Ultraviolet Disinfection Equipment companies, emerging market trends, Ultraviolet Disinfection Equipment market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Ultraviolet Disinfection Equipment market. The global Ultraviolet Disinfection Equipment market size is forecast across different scenarios including the actual forecasts and COVID-19 affected forecasts from 2019 to 2026. Further, Ultraviolet Disinfection Equipment market revenue and market shares in global industry are forecast across different types of Ultraviolet Disinfection Equipment, applications, and end-user segments of Ultraviolet Disinfection Equipment and across 18 countries. Global Ultraviolet Disinfection Equipment market analysis by Company The report presents the 10 leading Ultraviolet Disinfection Equipment companies in the global industry including details of business overview, business operations, SWOT profile, and Ultraviolet Disinfection Equipment products. Global Ultraviolet Disinfection Equipment market news and developments Ultraviolet Disinfection Equipment market news and market developments since 2019 including asset purchases, new manufacturing units, product launches, and mergers & acquisitions are included. Ultraviolet Disinfection Equipment market report scope and structure The research work includes over 90 data tables and charts prepared based on data in our proprietary databases, which is collected from leading manufacturers and government statistics to ensure reliable market data. It also presents the critical analysis of end-user industries along with internal and external factors affecting the market. Report Guide * COVID-19 Impact is specifically included in the research * This report is in its 12th version since first publication in September 2010 * It comprises of over 90 tables and charts * The report spans across 150 pages * Data and analysis is sourced from own proprietary databasesChapter-wise Guidance * Chapter 2 and chapter 3 present Executive Summary including market panorama for 2019. * Further, potential Ultraviolet Disinfection Equipment market trends, drivers, challenges, and opportunities are presented. Porter’s Five Forces analysis is also included * Chapter 4-6 presents market outlook across types, applications, and countries to 2026 * Chapter 7 presents company analysis on ten leading players in the industry * Chapter 8 illustrates various market developmentsGeneral Scope * Analysis across different types and applications is covered * Five regions including Asia Pacific, Europe, Middle East, Africa, North America and South and Central Americas are included * 18 countries are included in the analytical research * Five Company Profiles analyzing their Business, Revenues, and Operations is presentedKey Topics Covered: 1 Table of Contents 1.1 List of Tables 1.2 List of Figures 2 Executive Summary 2.1 Market Panorama, 2020 2.2 Ultraviolet Disinfection Equipment Outlook to 2026 – Original Forecasts 2.3 Ultraviolet Disinfection Equipment Outlook to 2026 – COVID-19 Affected Forecasts 3 Strategic Analytics to Boost Productivity and Profitability 3.1 Potential Market Drivers and Opportunities 3.2 New Challenges and Strategies being adopted by Companies 3.3 Short Term and Long Term Ultraviolet Disinfection Equipment market trends 3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers 4 Global Ultraviolet Disinfection Equipment Market Outlook across Types to 2026 4.1 Asia Pacific Ultraviolet Disinfection Equipment Market Outlook across Types, 2019 – 2026 4.2 Europe Ultraviolet Disinfection Equipment Market Outlook across Types, 2019 – 2026 4.3 North America Ultraviolet Disinfection Equipment Market Outlook across Types, 2019 – 2026 4.4 South and Central America Ultraviolet Disinfection Equipment Market Outlook across Types, 2019 – 2026 4.5 Middle East Africa Ultraviolet Disinfection Equipment Market Outlook across Types, 2019 – 2026 5 Global Ultraviolet Disinfection Equipment Market Outlook across Applications to 2026 5.1 Asia Pacific Ultraviolet Disinfection Equipment Market Outlook across Applications, 2019 – 2026 5.2 Europe Ultraviolet Disinfection Equipment Market Outlook across Applications, 2019 – 2026 5.3 North America Ultraviolet Disinfection Equipment Market Outlook across Applications, 2019 – 2026 5.4 South and Central America Ultraviolet Disinfection Equipment Market Outlook across Applications, 2019 – 2026 5.5 Middle East Africa Ultraviolet Disinfection Equipment Market Outlook across Applications, 2019 – 2026 6 Country – wise Ultraviolet Disinfection Equipment Market Analysis and Outlook to 2026 6.1 The United States Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.2 Canada Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.3 Mexico Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.4 China Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.5 India Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.6 Japan Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.7 South Korea Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.8 Rest of Asia Pacific Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.9 Germany Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.10 United Kingdom Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.11 France Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.12 Spain Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.13 Italy Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.14 Rest of Europe Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.15 Middle East Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.16 Africa Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.17 Brazil Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.18 Argentina Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 6.19 Rest of South and Central America Ultraviolet Disinfection Equipment Market Analysis and Outlook, $ million, 2019 – 2026 7 Global Ultraviolet Disinfection Equipment Market Competitive Analysis 7.1 Top 10 Leading Companies in the global Ultraviolet Disinfection Equipment industry 7.1.1 Business Overview 7.1.2 Ultraviolet Disinfection Equipment Products and Services 7.1.3 SWOT Analysis 7.1.4 Financial Profile 8 Global Ultraviolet Disinfection Equipment Market – Recent Developments 8.1 Ultraviolet Disinfection Equipment Market News and Developments 8.2 Ultraviolet Disinfection Equipment Market Deals Landscape 9 Appendix 9.1 Publisher Expertise 9.2 Research Methodology 9.3 Sources and Proprietary Databases 9.4 Abbreviations 9.5 Contact Information For more information about this report visit https://www.researchandmarkets.com/r/fya2ecResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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The Bay to close Queen Street location Tuesday after being open Monday despite lockdown – CP24 Toronto's Breaking News

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The Bay says it will close its flagship location on Queen Street Tuesday after leaving it open Monday, despite a provincial lockdown in effect in Toronto and Peel Region.

The Queen Street location remained fully open Monday despite orders for non-essential retailers to close their stores to in-person shopping in Toronto and Peel Region.

Toronto and Peel Region officially entered a 28-day lockdown on Monday, forcing restaurants, gyms, and non-essential stores to close to slow the spread of COVID-19.

Retailers can still offer curbside pickup and delivery and restaurants are also permitted to stay open for takeout and delivery.

Department stores across the GTA have been shuttered as part of the lockdown but a spokesperson for The Bay told Newstalk 1010 that the company’s Queen Street location downtown is allowed to stay open to customers because groceries and other “essential items” are sold inside.

“The health and well-being of customers and associates remain our top priority as we continue to provide the essential products and services Canadians need,” the spokesperson said.

“At this time, while the majority of our stores in Toronto and Peel are only offering curbside pickup, the Hudson’s Bay Queen Street location, which offers grocery among other essential items, remains open with strict protocols in place as outlined by the government.”

The company said there are enhanced cleaning protocols in place at all stores and associates must undergo full health screenings when reporting for work.

“We remain committed to ensuring a healthy environment for all,” the statement concluded.

In a further statement issued to CP24 late Monday, The Bay said it decided to leave the Queen Street location open because there is a grocery store in the basement of the eight-floor location.

“On Sunday evening, the order issued by the province changed the guidelines regulating the operation of retail stores. We reviewed closely to ensure compliance and, as such, closed all our stores in Toronto and Peel but one, which contained a grocery store,” the statement read. “We understood this to be in line with the province’s direction, however we have now made the decision to close our Queen Street store tomorrow. All Hudson’s Bay stores in Toronto and Peel will offer shoppers curbside pickup.”

Health minister’s office says store should not be open

Asked about the situation at a news conference on Monday afternoon, Premier Doug Ford said he would “have to look into it.”

Ford reiterated a call for shoppers to support small businesses during the lockdown.

“I’m doing everything we can to protect and support the small businesses out there,” Ford said.

Dr. Barbara Yaffe, Ontario’s associate chief medical officer of health, said any large stores that are open would have to offer essential goods that you would find in a grocery store, pharmacy, or hardware store.

In a statement to CP24, a spokesperson for Health Minister Christine Elliott offered further clarification late Monday, noting that The Bay should not be allowing customers inside.

“The inclusion of discount and big box retailers selling groceries is intended to include retail with a full grocery store component. This would include WalMart and Costco for example, but not The Bay or IKEA,” the statement read.

“We encourage all organizations to refer to the provincial regulations to clarify impacts to their business.”

Speaking to CP24, one shopper said that when he asked staff inside The Bay about where he could find the grocery department, they told him groceries could be found in the basement at Pusateri’s.

When he told them Pusateri’s wasn’t open, he said they informed him that it would be open shortly.

“They said, ‘Oh, but we are getting them to open right away. They are restocking shelves right now. They will probably be open tomorrow,'” the shopper told CP24. 

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Former Fed Chair Janet Yellen reportedly Biden pick for Treasury Secretary – Yahoo Canada Finance

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Global Regenerative Medicine Market 2020-2025: Opportunities with the Implementation of the 21st Century Cures Act

Dublin, Nov. 24, 2020 (GLOBE NEWSWIRE) — The “Regenerative Medicine Market by Product (Cell Therapies (Autologous, Allogenic), Stemcell Therapy, Tissue-engineering, Gene Therapy), Application (Wound Care, Musculoskeletal, Oncology, Dental, Ocular), Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering. The Global Regenerative Medicine Market is Projected to Reach USD 17.9 Billion by 2025 from USD 8.5 Billion in 2020, at a CAGR of 15.9% during the Forecast Period. Market growth is driven by the rising prevalence of chronic diseases, genetic disorders, and cancer; rising investments in regenerative medicine research; and the growing pipeline of regenerative medicine products. However, the high cost of cell and gene therapies and ethical concerns related to the use of embryonic stem cells in research and development are expected to restrain the growth of this market during the forecast period.The cell therapies segment accounted for the highest growth rate in the regenerative medicine market, by product, during the forecast periodBased on products, the regenerative medicine market is segmented into tissue-engineered products, cell therapies, gene therapies, and progenitor and stem cell therapies. The cell therapies segment accounted for the highest growth rate in the regenerative medicine market in 2019. The increasing adoption of tissue-engineered products for the treatment of chronic wounds and musculoskeletal disorders and the rising funding for the R&D of regenerative medicine products and therapies are the major factors driving the growth of this segment.Oncology segment accounted for highest CAGRBased on applications, the regenerative medicine market is segmented into musculoskeletal disorders, wound care, oncology, ocular disorders, dental, and other applications. In 2019, the oncology segment accounted for the highest growth rate. This can be attributed to the rising prevalence of orthopedic diseases, growing geriatric population, increasing number of stem cell research projects, growing number of clinical researches/trials, and the rich pipeline of stem cell products for the treatment of musculoskeletal disorders. Europe: The fastest-growing region regenerative medicine marketThe global regenerative medicine market is segmented into North America, Europe, the Asia Pacific, and Rest of the World. The North America region is projected to grow at the highest CAGR during the forecast period in 2019. The growth in the North American regenerative medicine market can be attributed to rising stem cell banking, tissue engineering, and drug discovery in the region; expansion of the healthcare sector; and the high adoption of stem cell therapy and cell immunotherapies for the treatment of cancer and chronic diseases. Market Dynamics Drivers * Rising Prevalence of Chronic Diseases, Genetic Disorders, and Cancer * Rising Investments in Regenerative Medicine Research * Growing Pipeline of Regenerative Medicine ProductsRestraints * Ethical Concerns Related to the Use of Embryonic Stem Cells in Research & Development * High Cost of Cell and Gene TherapiesOpportunities * Implementation of the 21st Century Cures Act * Rising Demand for Organ TransplantationsImpact of the COVID-19 Pandemic on the Regenerative Medicine MarketCompanies Mentioned * 3M Group * Allergan * Amgen, Inc. * Anterogen Co., Ltd. * APAC Biotech * Aspect Biosystems * Bluebird Bio * Corestem, Inc. * Integra Lifesciences Holdings Corporation * Kite Pharma * Medipost Co., Ltd. * Medtronic plc * Mimedx Group * Misonix * Novartis Ag * Organogenesis Inc. * Orthocell Ltd. * Shenzhen Sibiono Genetech Co., Ltd. * Smith & Nephew plc * Spark Therapeutics * Stryker Corporation * Takeda Pharmaceutical Company Limited * Tego Science, Inc. * Vericel Corporation * Zimmer BiometFor more information about this report visit https://www.researchandmarkets.com/r/6v7acfResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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