The
When Le Chateau reported its second-quarter results last month, it said the company's ability to continue as a going concerns for the next 12 months "involves significant judgment and is dependent on, among other things, its ability to obtain necessary financing, either from its existing lenders or from other financing sources."
The retailer also said it had reached agreement with landlords regarding rent obligations as of July.
Like other retailers, the 60-year-old company has been hit hard by mall closures and store closures resulting from the COVID-19 pandemic.
Le Chateau saw its sales plunged to
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