End in sight for german Praktiker

GERMANY (Notifix)- Insolvent German home improvement store chain Praktiker, a household name in Europe’s biggest economy, will be dismantled and sold off piecemeal after its administrator failed to find a buyer for its remaining 130 outlets.

New Placacentro Masisa in Chile

CHILE (Notifix) – On August 29 Masisa inaugurated a new Placacentro in Viña del Mar, Chile. This is a new location Placacentro Masisa Fasco (Achupallas sector), which is fully equipped and has the widest range of Masisa products and services such as cut to size, hinge installation and edgebanding, among others.

Lowe’s Plans to Acquire 72 Orchard Supply Hardware Stores

U.S. (Notifix).-Lowe’s, the world’s second largest home improvement retailer, announced on August 12th, further progress in its plans to acquire the majority of assets of Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners, subject to Bankruptcy Court approval. 

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