CTV News Channel
Leon's Furniture Ltd. has reported an 11.8 per cent increase in fourth-quarter net income as sales at both corporate and franchise stores improved.
Leon's Furniture Ltd. is installing a new president at The Brick Ltd., which it acquired in March through a friendly takeover.
Halifax police say they are investigating a Nova Scotia man's complaint about a black statue being hung from an office window in a Leon's furniture outlet.
The Competition Bureau has accused Leon's Furniture Ltd. and The Brick Ltd. of 'deceptive marketing practices.'
Leon's Furniture Ltd. and The Brick Ltd. say a key hurdle has been overcome in the plan for Leon's to take over its rival.
Storied Canadian furniture retailer Leon's is buying high-profile rival The Brick in a $700-million friendly deal aimed at fending off U.S. competitors making inroads in Canada.
Leon’s Furniture has agreed to acquire The Brick in a deal valued at approximately $700 million. The two mega-chains will continue to operate as separate entities in a move that will see them retain their head offices.