TORONTO — Sears Canada Inc. has agreed sell its Cantrex Group operations to Nationwide Marketing Group.
Sears Canada will maintain ownership of appliance brand Corbeil Electrique.
Cantrex was purchased by Sears Canada in 2005 in order to further develop its merchandising, buying, and logistics services in the furniture and appliance sectors. Corbeil became part of the Sears portfolio through this purchase and recently Sears has announced its plans to expand Corbeil's operations to the Greater Toronto Area this year.
