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Rona Inc.
RONA Inc. (stylized as RONA) is a Canadian retailer of home improvement and Building construction, construction products and services, owned by U.S.-based private equity firm Sycamore Partners. Founded in 1939, the company operates a mixture of company-owned and franchised retailers under multiple banners, including Rona, its big box store, big box formats Rona Home & Garden (Rona L’Entrepôt in Quebec), Rona+, as well as smaller brands such as Rona Cashway, Moffatt & Powell and Dick's Lumber. Lowe's acquired Rona for $3.2 billion CAD in May 2016. In November 2022, Lowe's announced it would sell its Lowe's Canada, Canadian operations, including Rona, to Sycamore Partners; the deal was completed the following February. Rona announced in July 2023 that it would begin converting Lowe's locations to the new banner Rona+. History In September 1939, Rona was founded as "Les Marchands en Quincaillerie" (The Merchants of Hardware), an alliance of independent Montreal-area hardwar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
