Leon's and The Brick Acknowledge Competition Bureau Inquiry
Leon's and The Brick, major Canadian retailers of furniture, appliances, mattresses, and electronics, have received notification of a Competition Bureau inquiry into their advertising practices. The Federal court has granted an order requiring both companies to provide records and information for the investigation. Both retailers emphasize their commitment to compliance and cooperation with the Bureau, noting their established protocols for meeting advertising standards. No determinations or conclusions have been made regarding the inquiry at this time.
Leon’s e The Brick, importanti rivenditori canadensi di mobili, elettrodomestici, materassi ed elettronica, hanno ricevuto notifica di un'indagine del Bureau della Concorrenza sulle loro pratiche pubblicitarie. Il tribunale federale ha emesso un'ordinanza che richiede a entrambe le aziende di fornire documenti e informazioni per l'inchiesta. Entrambi i rivenditori sottolineano il loro impegno per la conformità e la cooperazione con il Bureau, evidenziando i protocolli già stabiliti per soddisfare gli standard pubblicitari. Al momento non sono state prese decisioni o conclusioni riguardo all'indagine.
Leon’s y The Brick, importantes minoristas canadienses de muebles, electrodomésticos, colchones y electrónica, han recibido una notificación sobre una investigación de la Oficina de Competencia en relación a sus prácticas publicitarias. El tribunal federal ha emitido una orden que requiere a ambas compañías proporcionar registros e información para la investigación. Ambos minoristas enfatizan su compromiso con el cumplimiento y la cooperación con la Oficina, señalando sus protocolos establecidos para cumplir con los estándares publicitarios. En este momento, no se han tomado decisiones ni conclusiones en relación a la investigación.
레온스와 더 브릭, 가구, 가전제품, 매트리스 및 전자제품의 주요 캐나다 소매업체가 경쟁국의 조사 통지를 받았습니다. 연방 법원은 두 회사가 조사에 필요한 기록과 정보를 제공할 것을 요구하는 명령을 내렸습니다. 두 소매업체는 광고 기준을 충족하기 위해 확립된 프로토콜을 언급하면서 경쟁국에 대한 준수 및 협력 의지를 강조하고 있습니다. 현재 조사의 결정이나 결론은 내려지지 않았습니다.
Leon’s et The Brick, grands détaillants canadiens de meubles, d'appareils électroménagers, de matelas et d'électroniques, ont reçu notification d'une enquête du Bureau de la concurrence concernant leurs pratiques publicitaires. La cour fédérale a délivré une ordonnance exigeant que les deux entreprises fournissent des documents et des informations pour l'enquête. Les deux détaillants soulignent leur engagement à respecter et à coopérer avec le Bureau, notant leurs protocoles établis pour satisfaire aux normes publicitaires. Aucun jugement ni conclusion n'ont été rendus concernant l'enquête pour le moment.
Leon’s und The Brick, bedeutende kanadische Einzelhändler für Möbel, Haushaltsgeräte, Matratzen und Elektronik, haben eine Mitteilung über eine Untersuchung des Wettbewerbsbüros zu ihren Werbepraktiken erhalten. Das Bundesgericht hat eine Anordnung erlassen, die beide Unternehmen verpflichtet, Records und Informationen für die Untersuchung bereitzustellen. Beide Einzelhändler betonen ihr Engagement für die Einhaltung und Zusammenarbeit mit dem Büro und verweisen auf ihre bereits etablierten Protokolle zur Erfüllung der Werbestandards. Zum jetzigen Zeitpunkt wurden keine Feststellungen oder Schlussfolgerungen zu der Untersuchung getroffen.
- None.
- Competition Bureau investigation into advertising practices could lead to potential penalties or required changes in business practices
- Regulatory scrutiny may impact brand reputation and customer trust
- Compliance costs and legal expenses likely to increase during investigation period
Toronto, Ontario--(Newsfile Corp. - November 20, 2024) - Leon's and The Brick, two of Canada's leading retailers of furniture, appliances, mattresses and electronics, have been notified by the Competition Bureau of an inquiry into their advertising practices.
The Competition Bureau was granted a Federal court order to advance its investigation. The order requires Leon's and The Brick to produce records and information relevant to the Bureau's investigation. This is standard procedure for all inquiries of this nature.
"Leon's has been a part of Canadian households for 115 years, and The Brick for 53," said Audrey Hyams Romoff, corporate spokesperson for Leon's and The Brick. "Both companies offer consumers great products at great prices, providing excellent value. To further their compliance efforts, both Leon's and The Brick have established longstanding protocols to meet advertising standards."
Leon's and The Brick are committed to complying with all regulatory requirements and are cooperating with the Bureau. No determinations or conclusions have been made at this time.
About Leon's and The Brick
Leon's and The Brick offer Canadian consumers a wide range of home furnishings, mattresses, electronics and appliances. Leon's, founded in 1909, operates 85 stores across the country. The Brick established in 1971, operates 209 locations across Canada. Leon's and The Brick are divisions of Leon's Furniture Limited (TSX: LNF).
For more information, please contact:
Audrey Hyams Romoff
OverCat
ahr@overcat.com
Tel: (647) 223.9970
Thalia Policicchio
OverCat
tp@overcat.com
Tel: (647) 970.4774
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230743
FAQ
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