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Lowe's Canada, Inc. was the Canadian subsidiary of American home improvement chain Lowe's. [3] The Lowe's chain began an expansion into Canada in 2007, beginning with locations in Ontario, and later expanding into other provinces. In 2016, the company acquired its Canadian rival Rona Inc. for CDN$ 3.2 billion, assuming control of its store ...
In February 2020, Lowe's closed 34 lower performance stores, 26 that were under the Rona brand, 6 Lowe's stores, and 2 Réno-Dépôt stores. In November 2022, Lowe's agreed to sell its Canadian operations to the private equity firm Sycamore Partners for $400 million. with the Lowe's stores expected to be rebranded under the Rona brand in the ...
In November 2022, Lowe's agreed to sell its Canadian operations (including the Lowe's-branded stores) to the American private equity firm Sycamore Partners, which also operates, among other properties, Staples Canada. Following the sale, Rona planned to convert the Lowe's-branded stores to the Rona brand.
Réno-Dépôt (known as Reno-Depot outside of Quebec) is a Canadian chain of home supply stores owned by Rona, Inc. Primarily operating in Quebec, Réno-Dépôt is a warehouse -styled format with a focus on discounted renovation and household hardware products. The chain briefly expanded into Ontario under the name The Building Box; following ...
Ace Hardware Corporation is an American hardware retailers' cooperative based in Oak Brook, Illinois, United States. It is the largest non-grocery retail cooperative in the United States. [4] Founded in 1924 as "Ace Stores", the company changed its name to "Ace Hardware Corporation" in 1931. It grew dramatically following World War II, more ...
The Eaton's store was converted to a Zellers in the early 1990s. Target purchased most Zellers leaseholds in 2012, and reopened it as a Target store in 2013. Target left in early 2015, and the store was purchased by Lowe's Canada during Target's bankruptcy liquidation. The new Lowe's location opened to the public in June 2016 and closed in 2023.
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