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CARQUEST Independent Stores Being Spun Off?

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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. 



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.


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.


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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