During a recession the world can sometimes be turned upside down and companies that you would never had thought would be talking are suddenly partnering or being acquired. News broke earler this week that telecommunicaions company TELUS has acquired retailer Black’s for an estimated $28 million from ReichmannHauer Capital Partners. The deal gives TELUS an even larger phycisal foot print through its 113 retail stores across Ontario.
“Black’s is an impressive Canadian retailer with a great brand, reputation and management team,” said Joe Natale, Executive-Vice President and President, TELUS Consumer Solutions. “Black’s premium locations provide an established network across Canada for the distribution of TELUS‘ wireless products, which nicely complements our extensive network of dealers and stores. In anticipation of our clients’ evolving needs and as more wireless devices have imbedded high quality photo and video capability, there is a natural link between TELUS and Black’s.”
TELUS wireless products and services will be integrated and offered into the Black’s retail locations.
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