Archambault sold by Quebecor to Renaud-Bray

Quebecor announced Tuesday the sale of Groupe Archambault to Renaud-Bray.

This transaction includes the 14 Archambault stores, the archambault.ca website, and the English-language bookstore Paragraph. This transaction is subject to approval by Quebec’s Competition Bureau.

The President and CEO of Quebecor, Pierre Dion, said in a statement that this transaction will allow Archambault’s retail activities to remain in the hands of a Quebec company.

Until the decision by the Competition Bureau, Quebecor will continue to manage all Archambault Group assets.