April 14, 2024

Nero Bianco Group, proprietor of Membership Chaussures, has acquired Panda, which operates 21 toddler shoe shops in Quebec.

The Quebec firm Panda has specialised in promoting sneakers for toddlers since 1947.

With this vital addition, Nero Bianco Group will increase the variety of its branches to 55.

Panda’s roughly 100 staff will retain their positions and seniority.

Regardless of the upheavals within the trade, the president of the Nero Bianco Group reiterates that it’s uncommon for a Quebec firm to purchase one other firm right here. Even in a troublesome setting, demand for youngsters’s sneakers stays fairly steady.

“We’re proud to make sure the sustainability of Panda, an organization that has grown with Quebec households for 4 generations and that thankfully stays 100% Quebec owned,” explains Jean-François Transon.

For patrons, this transaction will lead to an improved in-store footwear providing, each at Panda and Membership Chaussures.

Each enterprise ought to retain its identification. Nonetheless, coexistence is predicted in sure markets, the place a panda boutique may very well be arrange in a shoe membership.

New shops and new manufacturers may be added, significantly in Chicoutimi and the Bas-Saint-Laurent area.

Based in 1984, the Nero Bianco Group has its headquarters and distribution heart in Sainte-Catherine-de-la-Jacques-Cartier.

The overall value of the acquisition was not disclosed.

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