MONTRÉAL, Sept. 4, 2015 /CNW Telbec/ - Renaud-Bray has received authorization from the Competition Bureau to acquire the retail assets of Groupe Archambault. The transaction includes the 14 Archambault stores, the archambault.ca web portal and Paragraphe, an English-language bookstore located in Montréal. Groupe Archambault will continue to manage all of the affected operations until the transaction is finalized in the coming weeks.
According to Blaise Renaud, President of Renaud-Bray: "We are very enthusiastic about this decision, which will ensure greater vitality for our sector, and by the same token, for the book chain industry as a whole."
Founded in 1965, Renaud-Bray operates 30 bookstores under the Renaud-Bray banner, a virtual boutique at renaud-bray.com and a warehouse that facilitates the efficient management of the thousands of online orders that are received every day. For more than 50 years, Renaud-Bray has been helping to broaden and diversify the offer of French-language cultural products.
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For further information: Denise Courteau, Media Relations, Tel.: 514-737-7441, Cell: 514-973-7441, email@example.com