Leon’s has valued its Canadian real estate portfolio at $1.17 billion as the retailer advances redevelopment projects and continues plans for a publicly traded REIT.
Leon’s is seeing middle-market Canadian consumers trade down to lower price points while premium shoppers keep spending, highlighting a widening divide in retail.
Leon's Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Its retail banners include: Leon's; The Brick; Brick Outlet; and The Brick Mattress Store.