Liquor Stores NA Exits Mainland U.S. To Focus On Canadian BusinessNovember 20, 2017
Liquor Stores NA has announced that it will exit the mainland U.S. market to refocus on its core markets of Alberta, British Columbia and Alaska. The retailer is selling its 15 Liquor Barn retail stores in the state of Kentucky to Blue Equity, a Louisville-based private equity firm, in a deal worth about $26 million. Liquor Stores NA has also entered negotiations for the sale of its 51% interest in Birchfield Ventures LLC which owns two stores in New Jersey, for about $3 million. It’s also currently in discussions with a third party about the sale of its store in Norwalk, Connecticut. Liquor Stores NA says it will close its U.S. head office and will no longer have any U.S.-based executives or senior management moving forward. —Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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