MONTREAL, Sept. 28, 2015 /CNW Telbec/ - Renaud-Bray is pleased to announce the conclusion of the transaction by which it has acquired the retail assets of Archambault Group. The transaction includes the 14 Archambault stores, the archambault.ca portal and Paragraphe, an English-language bookstore in Montreal.
According to Blaise Renaud, President of Renaud-Bray: "The acquisition of Archambault is a major step in our development of the francophone cultural market. This is a strategic move that is intended to ensure profitable growth for Renaud-Bray and Archambault, and by the same token, ensure greater vitality for our sector and for the book chain industry as a whole. We are excited about the future prospects that are open to us, and we are delighted to extend a warm welcome to Archambault's employees as they join our organization. As previously announced, we will continue to operate the Archambault banner as a separate entity."
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, firstname.lastname@example.org