Quebecor Announces Sale of Archambault Group's Retail Business to Renaud-Bray

Quebecor Announces Sale of Archambault Group's Retail Business to Renaud-Bray


MONTREAL, May 19, 2015 /CNW Telbec/ - Quebecor announced today that it
has reached an agreement to sell Archambault Group's retail operations
to Renaud-Bray. The transaction includes the 14 Archambault stores, the
archambault.ca website, and the English-language Paragraphe Bookstore. The transaction
is subject to Competition Bureau approval.



"The retail sector has had to face tall challenges because of
technological change and the advent of digital platforms, upheavals
which have reshaped consumer habits," commented Pierre Dion, President
and CEO of Quebecor. "Today, the competition isn't the shop across the
street; it comes from major international players. Therefore, we are
pleased that this transaction will keep Archambault's retail operations
in Québec hands. Renaud-Bray has built its reputation by developing the
market for French-language cultural goods and offering Quebecers
quality products," Mr. Dion added.



"We thank all the employees who have helped make Archambault one of the
most respected companies in Québec," said Pierre Dion.



Pending the Competition Bureau's decision, Quebecor will continue
managing all of Archambault Group's properties.



"Culture is at the core of our mission and according to our last annual
cultural report, our investment in culture is worth a total of $498
million. It is important to note that Quebecor will remain an important
player in the book industry through its 18 general literature
publishing houses, including Les Éditions de l'Homme, Libre Expression,
L'Hexagone, VLB Éditeur, Les Éditions du Trécarré and Les Éditions de
la Bagnole, as well as its distribution arm Messageries A.D.P., and the
academic publisher CEC Publishing. In music and concerts, Quebecor
intends to remain a Québec leader through the operations of Musicor and
Select," Mr. Dion stated.



It should also be mentioned that Quebecor is deeply committed to the
community, distributing donations and sponsorships worth nearly $30
million every year, more than half of which goes to numerous
organizations, events and venues devoted to the arts and culture. The
organizations supported by Quebecor include the Théâtre du Rideau Vert,
Espace Félix-Leclerc, the Trois-Rivières International Poetry Festival,
Les Correspondances d'Eastman, the Festival de musique émergente in
Abitibi-Témiscamingue, Festi Jazz international in Rimouski, Jonquière
en Musique, the Société professionnelle des auteurs et des compositeurs
du Québec (SPACQ), the Musée national des beaux-arts du Québec and the
Festival de nouveau cinéma. Quebecor also launched and fully funds the
major philanthropic project Éléphant: The Memory of Québec Cinema, which is dedicated to preserving Québec's cinematic heritage.


About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news
media and culture, is one of the best-performing integrated
communications companies in the industry. Driven by their determination
to deliver the best possible customer experience, all of Quebecor's
subsidiaries and brands are differentiated by their high-quality,
multiplatform, convergent products and services.



Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It holds a
75.36% interest in Quebecor Media, which employs close to 12,000 people
in Canada.



A family business founded in 1950, Quebecor is strongly committed to the
community. Every year, it actively supports people working with more
than 400 organizations in the vital fields of culture, health,
education, the environment and entrepreneurship.



Visit our website: www.quebecor.com

Follow us on Twitter: twitter.com/QuebecorMedia

SOURCE Quebecor

Quebecor

CONTACT: Martin Tremblay, Vice President, Public Affairs, Quebecor Media, 514-380-1985, martin.tremblay@quebecor.com


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