July 16, 2015 9:12 am
Updated: July 16, 2015 9:15 am

Rona to buy its 20 franchises in bid to simplify its retail network

The RONA Home & Garden Golden Mile store located at 768 Warden Ave. is photographed August 22 2012 in Toronto.

Fred Lum/The Globe and Mail

BOUCHERVILLE, Que. – Rona Inc. says it intends to buy the 20 franchise stores in its retail network – including 18 in Quebec.

The company didn’t say how much it expects to pay and adds that the transaction will be subject to a review of the business at each of the franchised stores.

In total, the Rona franchise stores have 2,600 employees and generate more than $500 million in annual retail sales.

The Quebec-based company says buying the franchise locations will simplify its business.

Rona says it will focus on sales at its independent dealers, who operate at 275 affiliated stores, and its own network of corporate stores.

Rona says all 79 big-box stores across Canada will be wholly owned by the company.

© 2015 The Canadian Press

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