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Leon’s Furniture ( (TSE:LNF) ) has issued an update.
Leon’s Furniture Limited has announced the opening of a new Corporate Headquarters for The Brick and a Shared Services Distribution Centre in Edmonton, Alberta. This significant investment in a 500,000-square-foot facility marks a major step in the company’s history, aiming to enhance service levels and operational efficiency. The facility, which also serves as the head office for Trans Global Insurance, will employ over 400 team members and is part of a joint venture with Qualico Properties. This move highlights LFL’s commitment to growth and improved product availability and shipping times across the prairies and territories.
More about Leon’s Furniture
Leon’s Furniture Limited is a company in the furniture industry, offering a range of furniture products and services. The company focuses on growth and efficiency in its operations, as demonstrated by its recent investments in infrastructure and facilities.
YTD Price Performance: -1.05%
Average Trading Volume: 18,857
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.74B
Find detailed analytics on LNF stock on TipRanks’ Stock Analysis page.
