MONTRÉAL, Sept. 4, 2015 /CNW Telbec/ - Quebecor today welcomed the Competition Bureau's decision to approve the sale of Archambault Group's retail operations to Renaud-Bray. The sale, announced on May 19, 2015, includes the 14 Archambault stores, the archambault.ca site, and the English-language Paragraphe Bookstore.
The sale will close in the coming weeks. In the meantime, Archambault Group will continue operating the businesses in question.
Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It holds a 75.36% interest in Quebecor Media, which employs close to 12,000 people in Canada.
A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports people working with more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.
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For further information: Martin Tremblay, Vice President, Public Affairs, Quebecor Media, 514-380-1985, firstname.lastname@example.org