Quebecor agrees to sell Archambault to Renaud-Bray
Quebecor announced today it has agreed to sell all 14 Archambault stores, as well as Archambault's website and the English-language Paragraphe Bookstore to Renaud-Bray.
Paragraphe Bookstore, as well as Archambault's 14 retail stores and website included in sale
Quebecor announced today it has agreed to sell music retailer Archambault to Renaud-Bray.
The sale includes all 14 Archambault stores, as well as Archambault's website and the English-language Paragraphe Bookstore
"Today, the competition isn't the shop across the street; it comes from major international players," said Quebecor president and CEO Pierre Dion in a statement released today.
He said he's pleased that Archambault's retail operations will remain in Quebec hands.
The sale agreement is pending the authorization of the Competition Bureau.