Lowe's to sell Canadian business, including RONA stores, to private equity firm

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 99%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Lowe's Companies, Inc. is selling its Canadian retail business to New York-based private equity firm Sycamore Partners for US$400 million plus a performance-based deferred consideration.

Lowe's Canadian arm is based in Boucherville, Quebec, and operates or services around 450 corporate and independent affiliate dealer stores under a number of banners, including Lowe's, RONA, Reno-Depot and Dick's Lumber.

Lowe's chairman, president and CEO Marvin R. Ellison said the sale is an important step toward simplifying the Lowe's business model. The deal, expected to close in early 2023, will establish Lowe's Canada and RONA as a standalone, Quebec-headquartered company. Lowe's bought RONA Inc. in 2016 in a deal valued at $3.2 billion Canadian, or about US$2.4 billion, that at the time it said was a key step in accelerating its growth strategy.

The company's Canadian retail business makes up around seven per cent of the company's 2022 sales outlook.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 1. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Lowe's to sell Canadian business, including RONA stores, to private equity firm - BNN BloombergLowe's Companies, is selling its Canadian retail business to New York-based private equity firm Sycamore Partners for US$400 million plus a performance-based deferred consideration. $HD eating their lunch, time to cash out and run!
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »

Lowe's to sell Canadian business, including Rona stores, to private equity firmLowe\u0027s is selling the business to Sycamore Partners for US$400 million plus a performance\u002Dbased deferred consideration. Find out more.
แหล่ง: fpinvesting - 🏆 43. / 63 อ่านเพิ่มเติม »

Lowe's to sell Canadian business, including RONA, to private equity firmLowe\u0027s Canadian arm operates or services around 450 corporate and independent affiliate dealer stores under a number of banners
แหล่ง: TheTorontoSun - 🏆 23. / 68 อ่านเพิ่มเติม »

Lowe's to sell Canadian business, including RONA, to private equity firmLowe\u0027s Canadian arm operates or services around 450 corporate and independent affiliate dealer stores under a number of banners
แหล่ง: calgarysun - 🏆 63. / 52 อ่านเพิ่มเติม »

Ottawa orders Chinese companies to exit three Canadian lithium minersOttawa has ordered three Chinese companies to exit three Canadian lithium miners based on alleged threats to national security. Read on. For any kind of information Why? Because they can take it with them? Thank you PierrePoilievre
แหล่ง: nationalpost - 🏆 10. / 80 อ่านเพิ่มเติม »