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Leon's Furniture Ltd T.LNF

Alternate Symbol(s):  LEFUF

Leon's Furniture Limited is a Canada-based retailer of furniture, appliances and electronics. The Company's retail banners include Leon’s, The Brick, Brick Outlet and The Brick Mattress Store. The Brick’s Midnorthern Appliance banner alongside with the Company’s Appliance Canada banner, retailer of appliances to builders, developers, hotels and property management companies. The Company has 304 retail stores from coast to coast in Canada under various banners. The Company’s repair service division, Trans Global Services (TGS), provides household furniture, electronics and appliance repair services to its customers. TGS has contracts to support several manufacturer’s warranty service work in addition to servicing a number of individual programs offered by other dealers. Its wholly owned subsidiaries include Trans Global Insurance Company and Trans Global Life Insurance Company also offer credit insurance on the customer’s outstanding financing balances and third-party customer balances.


TSX:LNF - Post by User

Post by stardust5on Jan 16, 2023 11:08am
375 Views
Post# 35225629

Sale of Geary Ave store in Toronto

Sale of Geary Ave store in TorontoI learned from a store employee that The Brick's Geary Ave store has been sold to developers. I imagine that The Brick got a handsome price as it's a huge site at Dufferin and Dupont and new condos are sprouting all around this area. This will really help meet any bank covenants and provide cash for continued dividends.
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