Caisse de dépôt, IQ invest $44 mln in Simons fulfillment centre
Apparel retail store operator La Maison Simons Inc announced a $215 million investment for the construction of a multi-service fulfillment centre in Québec City, the company's headquarters. The family-owned Simons said the centre, slated to open in 2020, will help it increase productivity and order fulfillment capacity, both in store and online, allowing the business to remain competitive in the retail market. Caisse de dépôt et placement du Québec and Investissement Québec (IQ) agreed to invest $44 million in the initiative, giving them stakes in Simons. The Caisse will commit $27 million, with IQ accounting for the rest.
30 May 2018•8 mins read
