- Fashion company, Le Château (TSXV:CTU) has started manufacturing hospital gowns for healthcare workers on the front lines of COVID-19
- The company will produce up to 500,000 gowns in partnership with Logistik Unicorp and its contract with the federal government
- Le Château usually manufactures approximately 30 per cent of the company’s apparel at its own Canadian production facilities
- All of the hospital gowns from this vital order will be manufactured in Canada
- Le Château (CTU) is up 25 per cent and is currently trading at C$0.05 cents per share
Fashion company, Le Château (TSXV:CTU) has started manufacturing hospital gowns for healthcare workers on the front lines of COVID-19.
The Canadian company is a specialty retailer which also manufactures exclusively designed apparel, footwear, and accessories. Le Château consists of 124 locations across the country, and an e-commerce platform which services Canada and the United States.
Like many other businesses, Le Château has repurposed its operations to assist in fighting the COVID-19 pandemic. The company will produce up to 500,000 hospital gowns, in partnership with Logistik Unicorp and its contract with the federal government.
Le Château usually manufactures approximately 30 per cent of its apparel at its own Canadian production facilities. In this case, all of the hospital gowns from this order will be manufactured in Canada.
In today’s announcement, the company commented on its efforts to help protect healthcare workers on COVID-19 front lines.
“Le Château has historically manufactured approximately 30 per cent of the company’s apparel in its own Canadian production facilities, and has the capabilities to efficiently and promptly deliver this vital order.
“We are proud to be part of Canada’s solution to the current health crisis that has gripped the country since March. The past few months serve as an important reminder of the strategic importance of having locally based manufacturing.
“All Le Château employees are honoured and proud to work on this meaningful project. Our front-line health workers must be protected to the fullest, and we are excited to contribute in this manner to their well-being,” the announcement said.
News of this hospital gown order has significantly boosted the company’s share price.
Le Château (CTU) is up 25 per cent and is trading at C$0.05 cents per share at 9:47am EDT.