LOWE’S ANNOUNCES SALE OF CANADIAN RETAIL BUSINESS TO SYCAMORE PARTNERS

LOWE’S ANNOUNCES SALE OF CANADIAN RETAIL BUSINESS TO SYCAMORE PARTNERS

  • Posted by Contributor
  • On November 7, 2022
  • Cutting Edge Products Magazine, Lowe's, Sycamore Partners
Lowe's Companies, Inc. (NYSE: LOW) today announced that it has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred consideration.
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