Lowe’s to Sell Its Canadian Retail Business to Sycamore Partners

The business represents around 7% of Lowe's consolidated full-year sales outlook for FY22.

US-based home improvement retailer Lowe’s has signed a definitive agreement to sell its Canadian retail business to private equity firm Sycamore Partners.

Sycamore Partners will acquire the business for $400m in cash and a performance-based deferred consideration.

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