Leon’s Furniture/The Brick merger

Leon’s Furniture/The Brick merger

Antitrust & Competition | Canadian Competition | Mergers & Acquisitions

When the Competition Bureau investigated the potential competitive effects of a $700 million merger between retailers Leon’s Furniture Limited and The Brick, Ltd, CRA economists were retained by counsel to Leon’s Furniture. CRA experts empirically tested whether prices were lower in local areas with Leon’s and The Brick compared to local areas with only The Brick, and found no such effect. Ultimately, the investigation closed without any remedy required.