MONTREAL - Telus Corp. (
TSX:T,
Forum) has agreed to sell the Blacks.ca website and related app business to a Montreal-based company that sells photo prints, calendars, posters and similar products.
Telsus said customers would be able to continue to use the website and app without interruption.
As well, prepaid Blacks print cards will be honoured and a small number of Blacks employees would be transferred to the buyer, Les Pros de la Photo.
Telus didn't disclosed the terms of sale, but said the deal is set to close Aug. 4.
The company announced in June that the unprofitable Blacks retail operation would close all 59 stores by early August.
“We look forward to seeing the business grow under the new ownership,” Telus said Tuesday in a brief emailed statement.
The Vancouver-based telecom company has owned the formerly independent photo and camera retailer since September 2009, when it paid $28 million for the company.