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Aritzia Inc. announced that an investment vehicle managed by Berkshire Partners LLC, a Boston-based private equity firm (the “Berkshire Shareholder”) and Sweet Park Holdings Inc., an entity indirectly controlled by Aldo Bensadoun, a director of Aritzia (the “Bensadoun Shareholder” and together with the Berkshire Shareholder, the “Selling Shareholders”), entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase on a bought deal basis an aggregate of 6,050,000 subordinate voting shares held by the Selling Shareholders at an offering price of $16.55 per share (the “Offering Price”) for total gross proceeds to the Selling Shareholders of $100,127,500 (the “Offering”). Aritzia will not receive any proceeds from the Offering.
Le Château Inc. (TSX VENTURE:CTU), reported that comparable store sales for the second quarter up until July 14th (i.e. an 11-week period) increased by 4.5% over the same period last year. Year-to-date up until July 14th (i.e. a 24-week period) comparable store sales were up 2.2% over the prior year.
“Our comparable store sales for the quarter-to-date and year-to-date periods confirm the progress we have made in the execution of Le Château’s business plan. After approximately three years we are now reaching the right balance between our regular and outlet stores. Furthermore, our brick and mortar store network is now fully harmonized with our rapidly growing e-commerce platform reflecting the reality of retailing today,” commented Le Château Chairman and CEO, Jane Silverstone.