Archambault

Archambault
subsidiary
Industry Retail
Founded 1896
Founder Edmond Archambault
Headquarters Montreal, Quebec, Canada
Number of locations
 14 Stores
Products Books, magazines, sheet music
Parent Quebecor (1995–2015)
Renaud-Bray
(2015–present)
Website www.archambault.ca
Archambault, corner Berri and Sainte-Catherine in Downtown Montreal.

Archambault, is the largest music retailer in the province of Quebec, Canada, as well as a major retailer of books, DVDs, periodicals, musical instruments, sheet music, games, toys and gift ideas. Its e-commerce site, www.archambault.ca, is the largest French-language retail site in North America. Archambault currently operates 14 stores in Quebec.

Paragraphe Bookstore, an English-language bookstore, is also part of Archambault Group.

History

Archambault was founded in 1896 by Edmond Archambault, who had originally wanted to open a sheet music store.[1] In partnership with J.A. Hurteau, a major retailer of pianos, instruments and music accessories, Mr. Archambault opened his first store on the corner of Saint Denis and Sainte Catherine streets in Montreal. In 1919, Edmond Archambault became the store's sole owner, and in 1930, he decided to move to the corner of Berri and Sainte Catherine streets, where he built a seven-storey building, which he dubbed the "House of the Future". To this day, this building remains the home of Archambault Group's main office.

In 1947, Mr. Archambault's nephews, Rosaire Sr. and Edmond Sr., took over the reins of the business and pursued their uncle's dream of substantially expanding the range of cultural products offered by the store. In the 1980s, the son of Rosaire Sr., Rosaire Jr., became President. Then began a period of expansion during which many new Archambault stores opened across Quebec. The 1980s saw also the creation of Distribution Select, the largest independent exclusive distributor of music in Canada.

The Archambault family sold the family-owned company to Quebecor in 1995.[2][3] Rosaire Archambault Jr. was kept on as president of the Quebecor subsidiary Archambault Group Inc. until his retirement in 2000 when he was replaced by Natalie Larivière.[1][3] Larivière left in 2007 and replaced by Pierre Marchand.[4] Marchand served as president of Archambault until 2013.[5]

Camelot-Info, a computer bookstore, was acquired by Archambault in 2000. Started in 1978, at its peak, Camelot-Info had six stores and an online shopping site, with 10,000 titles in its inventory. By 2007, however, in face of competition from large chain stores and the Internet, only the original flagship Phillips Square store remained.[6][7] Camelot-Info's last store closed in January 2009.[7]

On May 19, 2015, Quebecor announced the sale of 14 stores Archambault and the single store Paragraph Anglophone bookstore to Renaud-Bray Group.[8][9] The sale of the retail stores was completed in September 2015.[10]

References

  1. 1 2 LeBlanc, Larry (2002-08-24). "Archambault Grows In Decling Market". Billboard. 114 (34). p. 58. ISSN 0006-2510.
  2. ↑ "Trans-Canada Archambault Inc. Quebecor Group Inc. Acquires A Majority Interest In Ed.". Business Wire (Press release). 1995-10-20.
  3. 1 2 "Archambault mandate simple: 'Make money': When Natalie Lariviere jumped from the National Bank to the helm of the Archambault Group five years ago, skeptics wondered what business a bean-counter had running Quebec's most venerable music retailer.". Postmedia News. 2005-11-26.
  4. ↑ "Pierre Marchand passe à la tête d'Archambault" [Pierre Marchand passes to lead Archambault]. Infopresse (in French). 2007-10-24.
  5. ↑ "Pierre Marchand quitte son poste au Groupe Archambault" [Pierre Marchand stepping down at Archambault Group]. TVA Nouvelles (in French). 2013-05-28.
  6. ↑ Beaulieu, Alain (2006-12-01). "Camelot-Info : plus que l'ombre de lui-même" [Camelot-Info: a shadow of itself] (in French). Direction Informatique. Retrieved 2009-04-16.
  7. 1 2 Ferland, Jean-François (2009-01-21). "Camelot-Info ferme sa dernière succursale" [Camelot-Info closes its last branch] (in French). Direction Informatique. Retrieved 2009-04-16.
  8. ↑ "Quebecor agrees to sell Archambault to Renaud-Bray: Paragraphe Bookstore, as well as Archambault's 14 retail stores and website included in sale". CBC News. 2015-05-19.
  9. ↑ Van Praet, Nicolas (2015-05-19). "Quebecor to sell Archambault book-store business to Renaud-Bray". The Globe and Mail.
  10. ↑ "Renaud-Bray Completes the Acquisition of Archambault". Morningstar (Press release). 2015-09-28. Archived from the original on 2015-12-08.
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