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CARQUEST Independent Stores Being Spun Off?

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partsman

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There seems to be a rumor going around that Advance Auto Parts is looking to spin off the CARQUEST independent business. There is a topic on thelayoff.com that was recently posted by an anonymous poster. Comments and link to topic below. 

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CARQUEST Independent Store Spinoff

Confidential discussions regarding the spinoff of the CQ independent store group to another buying group began yesterday at a location outside of the Roanoke and Raleigh offices. A reliable source indicated a reputable Midwest based auto parts firm as the frontrunner.

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My cq dc contact just confirmed something is going on. Who else knows anything? I'm concerned for my business as an independent because I do not trust advance corporate.

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I heard the same thing. I also heard talk about a whole new program group name. Hopefully, the independent store owners get brought into the loop before they jump.

 

Edited by partsman

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