An affiliate of Blackstreet Capital Holdings, LLC (“BCH”) has acquired Red Apple Stores Inc. (“Red Apple” or the “Company”). Operating 142 stores under the “Red Apple” and “The Bargain! Shop” banners, Red Apple is Canada’s favourite small-town general merchandise retailer, offering big brands and big savings to its Customers. BCH is led by Murry Gunty, its Founder and Chief Executive Officer.
We are honoured to purchase a business that serves such an essential role in communities across Canada,” said Murry Gunty, Chief Executive Officer of BCH. “We are excited to partner with Red Apple management to continue its mission of providing the best value to its Customers through convenient locations, quality products, and super friendly service.”
“We are looking forward to working with our new partners at BCH,” commented Clinton Wolff, President & Chief Executive Officer of Red Apple. “Our business plan is to Build on Success and Focus on Growth, and with BCH’s support, we are confident we can continue to deliver great results, all the while supporting our loyal small-town Customers across Canada.”
Read more/Source: Business Wire
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