However, it doesn’t own 50%+1 of the company’s stock, so it doesn’t have full ownership. The Vanguard Group is currently the majority shareholder with 8.92% of Lowe’s stock. Instead, it has many shareholders who own its stock. Maybe you want to know more about who really own Lowe’s, or is lowe’s a black own company? Who Currently Owns Lowe’s?Īs a publicly-traded company, Lowe’s doesn’t have a single owner. It has retained its former headquarters, where 2,400 employees continue to work. Lowe’s built and relocated its corporate headquarters to a 350-acre campus in Mooresville, North Carolina, in 2003. In 1998, Lowe’s bought the Wilkes Mall in Wilkesboro, North Carolina, to serve as its headquarters. Lowe’s has since grown nationally, operating more than 2,355 locations in the United States, Canada, and Mexico. In 1952, Buchan became the sole owner of Lowe’s, and the company was incorporated as Lowe’s North Wilkesboro Hardware. In anticipation of an increased need for construction materials after World War II, the store shifted its focus to strictly construction, hardware, and building materials. James and his brother-in-law Carl Buchan ran the business together starting in 1943. Lucius Smith Lowe opened the first Lowe’s store in North Wilkesboro, North Carolina, in 1921 under the name North Wilkesboro Hardware.Īfter Lowe’s death in 1940, his daughter Ruth Buchan inherited the business and sold it to her brother James Lowe. The company operates a chain of retail stores in the United States and Canada.Īs of February 2021, Lowe’s and its related businesses operated 2,197 home improvement and hardware stores in North America. Lowe’s is an American retail company that specializes in home improvement. Who currently owns Lowe’s the retail company, which deals in home improvement and hardware chain in the United States and Canada.
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