QUEBEC – Parti Québécois leader Pierre Karl Péladeau is crying foul over an Ontario-based firm’s takeover of the St-Hubert rotisserie-chicken chain.
Péladeau said Thursday’s $537-million deal will mean the loss of another leading Quebec company to interests from outside the province.
READ MORE: Owner of Swiss Chalet to acquire St-Hubert restaurant chain for $537M
St-Hubert’s buyer is Cara Operations Ltd. (TSX:CAO), which owns Swiss Chalet.
The PQ leader was also critical of the recently announced $3.2 billion acquisition of Quebec hardware chain Rona (TSX:RON) by U.S.-based Lowe’s.
Both of the takeovers are friendly.
Péladeau is blaming Premier Philippe Couillard and his government for many of Quebec’s economic woes and said the province seems to be up for sale.