Reported 1 day ago
Lowe's Companies, a U.S. home improvement retailer, announced its agreement to acquire Artisan Design Group for $1.33 billion from Sterling Group. This acquisition aims to enhance Lowe's offerings for professional customers amidst declining demand for home remodeling. Artisan Design, based in Texas, specializes in flooring, cabinets, and countertops, and generated $1.8 billion in revenue in fiscal 2024. The deal is expected to close in Q2 2025, pending necessary approvals.
Source: YAHOO