The home retail industry has launched a new round of arms race, with Lowes acquiring Artisan Design for $1.33 billion
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Lowe's announced the acquisition of Artisan Design Group for $1.33 billion, a deal that will help it expand its professional customer service sector. Artisan Design primarily provides sales and installation services for products such as flooring, cabinets, and countertops to residential builders, with projected revenue of $1.8 billion for fiscal year 2024. The transaction will be paid for with Lowe's cash on hand and is expected to be completed in the second quarter of 2025, subject to regulatory approval. This move marks a new round of competition in the home retail industry in the professional services sector
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