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Leon's Furniture Ltd. (TSX: LNF) (Meubles Léon Limité in Quebec) is a Canadian furniture retailer which first opened its store in 1909 in Welland, Ontario. The controlling interest in the company is owned by the Leon family, while some shares are traded publicly on the Toronto Stock Exchange .
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Leon's Furniture Limited (TSE:LNF) is about to trade ex-dividend in the next 4 days. Investors can purchase shares...
In 2006, 24 stores were rebranded as "The Brick" in a strategic attempt to save on advertising costs and increase sales. [7] On November 11, 2012, The Brick announced that competitor Leon's would acquire the company for $700 million subject to approval of shareholders. Following the acquisition, Leon's maintains the two separate chains. [8]
The company was founded in Lebanon, Pennsylvania, in 1910 by Richard Levitz. [1]In the 1960s, Levitz, expanded by Richard's sons Leon and Ralph, successfully pioneered the sales of moderately priced brand-name furniture from a warehouse-style store. [2]
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