Lowe's to sell Canadian business, including Rona stores, to private equity firm for $400 million

  • 📰 OttawaCitizen
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Lowe\u0027s is selling the business to Sycamore Partners for US$400 million plus a performance\u002Dbased deferred consideration. Find out more.

The American home improvement retail giant’s Canadian operations, based in Boucherville, Que., include Rona, Lowe’s Canada, Réno-Dépôt, Ace and Dick’s Lumber, consist of 450 locations and represent approximately seven per cent of the company’s 2022 sales. Lowe’s chief executive Marvin Ellison

in a press release the sale is “an important step toward simplifying the Lowe’s business model.” Ellison declined to answer questions.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 21. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Right. Amalgamate. Mismanage. Dump. American neo-colonialism.

Late with your news

Wow!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines