Name change: International edition

IN CANADA, A FINAL PASSING OF THE TORCH.

RONA Inc., one of Canada’s largest home improvement retailers and the former Lowe’s Canada, announced that it will begin converting the banners of its stores.

Lowe’s Canada stores will be transitioned to the Rona banner, which has served Canadian home improvement customers since 1939.

The conversions will start at the end of July 2023 and will take place over several months, the Boucherville, Quebec-based retailer said.

In February, RONA announced that it had “re-established itself” as an independent industry player following its acquisition from Lowe’s by private equity firm Sycamore Partners.

Valued at $400 million, the deal put an end to Lowe’s international retail ventures.

Sign of the future: All Lowe’s stores in Canada will eventually be converted to the new banner.

The first 10 Lowe’s stores to be converted are all located in Ontario. All Lowe’s stores that will be converted, will bear the new RONA+ banner. Eventually, all Lowe’s stores will be converted to the new banner, RONA said.