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Attention Business/Financial Editors
Reitmans (Canada) Limited announces the appointment of Pierre Lavallée as Executive Vice-President
MONTREAL, Dec. 14 /CNW Telbec/ - Prior to joining Reitmans, Mr. Lavallée
was a Senior Partner at Bain & Company, a leading global business consulting
firm. He led the Canadian retail practice and worked with a number of North
American retail clients on strategy, operations, and mergers and acquisitions.
In more than 18 years at Bain, he worked with clients in a number of other
sectors including consumer products, health care, telecom, media and
technology and private equity. He was also the Managing Partner of Bain &
Company Canada from 2001 to 2004. Prior to Bain, Mr. Lavallée was a Trade
Commissioner for five years, including a posting at the Canadian Embassy in
Japan.
Reitmans (Canada) Limited is Canada's largest ladies apparel retailer,
operating 981 stores throughout Canada. Its shares are traded on the Toronto
Stock Exchange under the ticker symbols RET-A and RET.
All of the statements contained herein, other than statements of fact
that are independently verifiable at the date hereof, are forward-looking
statements. Such statements, based as they are on the current expectations of
management, inherently involve numerous risks and uncertainties, known and
unknown, many of which are beyond the Company's control. Such risks include
but are not limited to: the impact of general economic conditions, general
conditions in the retail industry, seasonality, weather and other risks
included in public filings of the Company. Consequently, actual future results
may differ materially from the anticipated results expressed in
forward-looking statements. The reader should not place undue reliance on the
forward-looking statements included herein. These statements speak only as of
the date made and the Company is under no obligation and disavows any
intention to update or revise such statements as a result of any event,
circumstances or otherwise, except to the extent required under applicable
securities law.
-30-
/For further information: Jeremy H. Reitman, President, (514) 385-2630,
www.reitmans.ca/
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