Deals
Tire King’s Family Weighs $3 Billion Les Schwab Sale
- Retailer is also considering selling real estate portfolio
- Chain traces its roots to a single store in central Oregon
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Les Schwab Tire Centers is exploring options including an outright sale, which could fetch at least $3 billion, according to people with knowledge of the matter.
The independent retailer is working with an adviser as it weighs alternatives including divesting its real estate portfolio, which is worth at least $2 billion, said the people, who asked not to be identified because the matter is private. Representatives for Les Schwab, based in Bend, Oregon, couldn’t be reached immediately for comment.