Home / Knowledge / News / Apparel/Garments / Sears Canada to sell minority interest in Trois-Rivières
Sears Canada to sell minority interest in Trois-Rivières
19
May '14
Sears Canada Inc. announced that it has entered into an agreement for the sale of its 15% minority ownership interest in the Centre commercial Les Rivières shopping centre in Trois-Rivières, Quebec, a joint arrangement the Company holds with affiliates of Ivanhoé Cambridge, for pre-tax consideration of $33.5 million.
 
Ivanhoé Cambridge is purchasing the 15% interest that it does not already own from Sears. The transaction is subject to customary closing conditions and is scheduled to close on June 2, 2014.
 
Sears will continue to operate its department store in the shopping centre, and Ivanhoé Cambridge will continue to manage the property. This transaction will have no effect on associates employed at the store, nor on the operation of the store which will continue to serve the residents of Trois-Rivières and surrounding area as it has proudly done since 2000 and since 1971 in its previous location in the same shopping centre.
 
About Sears Canada Sears Canada is a multi-channel retailer with a network that includes 176 corporate stores, 234 Hometown stores, over 1,400 catalogue and online merchandise pick-up locations, 97 Sears Travel offices and a nationwide repair and service network. 
 

Sears Canada


Must ReadView All

Textiles | On 4th May 2016

Vietnam’s textile industry looks beyond 2020

After it overtook the export target with five years to spare,...

Textiles | On 4th May 2016

NRDC inks agreement with silk houses in West Bengal

The National Research Development Corporation (NRDC), entered into...

Apparel/Garments | On 4th May 2016

Jabong launches Asics Tiger brand in India

Online fashion portal Jabong has announced its partnership with...

Interviews View All

Paul Alger
UKFT

Do you suppose that brands from emerging fashion economies can beat the...

Dastaquir Ismail
GT Nexus, Asia Pacific

What advice would you give to companies seeking finance? What are the...

Wendy Wen
Messe Frankfurt (Hong Kong)

Can you elaborate on the role of sustainability in textiles? How is China...

Urs Stalder
Sanitized AG

<b><i>Urs Stalder, CEO, Sanitized AG, talks about the increasing use of...

Sanjay Gupta
Garware-Wall Ropes Ltd

Sanjay Gupta is a Chemical Engineer (IIT Kanpur) and CFA and PGDFA (ICFAI, ...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search