Reitmans (Canada) Limited announces appointment of new Director

MONTREAL, April 28, 2015 /CNW Telbec/ - Reitmans (Canada) Limited announced today that Marie Josée Lamothe has been appointed to the Board of Directors of the Corporation.

Ms. Lamothe is currently Managing Director, Branding and Managing Director, Québec of Google Canada. Prior to joining Google, Ms. Lamothe held a number of executive positions with L'Oreal Canada, including Chief Marketing Officer and Chief Corporate Communications Officer. She has also held marketing positions with Bristol-Myer Squibb/Clairol and was named one of the top 100 most powerful women in Canada by the Financial Post in 2012 and 2013.

"We are privileged to have Marie Josée join our Board. She brings a great deal of experience and an impressive background in marketing and branding, as well as a fresh perspective in the omnichannel and retail environments. The Board is looking forward to working with Marie Josée", said Jeremy H. Reitman, Chairman and Chief Executive Officer of Reitmans.

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, including those described in the Operating Risk Management and Financial Risk Management sections of the Company's Management Discussion and Analysis.  Consequently, actual future results may differ materially from the anticipated results expressed in forward-looking statements, which reflect the Company's expectations only as of the date of this press announcement.  Forward-looking statements are based upon the Company's current estimates, beliefs and assumptions, which are based on management's perception of historical trends, current conditions and currently expected future developments, as well as other factors it believes are appropriate in the circumstances.  Specific forward-looking statements in this press announcement include, but are not limited to, statements with respect to the Company's anticipated future results and events, future liquidity, planned capital expenditures, amount of pension plan contributions, status and impact of systems implementation, the ability of the Company to successfully implement its strategic initiatives and cost reduction and productivity improvement initiatives as well as the impact of such initiatives.  The reader should not place undue reliance on any 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.

SOURCE Reitmans (Canada) Limited