Leon's and The Brick Response to Target

Leon's and The Brick Respond to Competition

• Furniture retailer Leon's is buying competitor The Brick in a $700 million deal (Financial Post). 
• The aquisition of The Brick is geared at strengthening the position of the company within the home furnishing marketplace, which is becoming more competitive with the introduction of new competitors
• The company will operate the to stores under separate banners (Financial Post)