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Sobeys parent to buy fresh-food grocer Farm Boy

By GFM Network News, Gfm Staff September 24, 2018

The owner of the Sobeys and Canada Safeway chains has a deal in place to buy southern Ontario grocery retailer Farm Boy, a well known patron of the region’s producers. In a deal still subject to review by the federal Competition Bureau, Empire Co. announced Monday it will pay $800 million for the grocery chain,

A Metro grocery store at the Orangeville Mall in Orangeville, Ont. (Onereit.ca)

Markets

Metro to buy Jean Coutu to stave off looming risks

By GFM Network News October 2, 2017

Toronto | Reuters — Metro Inc., Canada’s third-biggest food retailer, on Monday agreed to buy pharmacy chain Jean Coutu Group for $4.5 billion in cash and stock, paying what analysts said was a “steep” premium to protect against risks facing the retail sector. The deal comes at time when global retail giants like Amazon.com, Wal-Mart

Markets

Metro in ‘advanced’ talks to buy Jean Coutu chain

By GFM Network News, Manitoba Co-operator Staff September 28, 2017

One of Eastern Canada’s major players in the grocery sector is in “advanced discussions” to take up one of the region’s major drugstore chains. Montreal-based Metro Inc. announced Tuesday it’s in “exclusive” talks with the Jean Coutu Group on the possibilities of a cash-and-stock takeover valued in some reports at around $4.5 billion. A non-binding

A Whole Foods store in Omaha. (WholeFoodsMarket.com)

Markets

Whole Foods slashes prices on some produce

By GFM Network News, Julie Ingwersen, Lisa Baertlein August 28, 2017

Los Angeles/Chicago | Reuters — On its first day as part of Amazon.com, organic grocery chain Whole Foods Market slashed prices on popular items like avocados and apples on Monday by a third as it bid to shake off its “Whole Paycheque” reputation for high prices. In another sign of changes to come, a display

A Whole Foods storefront in New York City. (WholeFoodsMarket.com)

Markets

Amazon to cut Whole Foods prices amid intense grocery turf war

By GFM Network News, Lisa Baertlein August 24, 2017

Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday,

Livestock

Sobeys, Safeway parent seeks cost-cutting ‘leverage’

By GFM Network News, Manitoba Co-operator Staff May 6, 2017

Empire Co., the parent firm for about 1,500 grocery stores across Canada, plans to restructure from a regional to a “largely national” operation cutting $500 million in annual costs by the end of 2020. Nova Scotia-based Empire — whose stores operate under brands including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s — on

Jim Pattison, shown here second from right with the Quality Foods partners, has taken majority control of the Quality Chain. (QualityFoods.com)

Crops

Pattison takes up B.C. grocery chain Quality Foods

By GFM Network News, Manitoba Co-operator Staff April 3, 2017

The owner of Save-On Foods and other Canadian grocery chains will expand its overall market share on Vancouver Island with majority control of the Quality Foods chain. The Vancouver-based Jim Pattison Group was announced last week as the new controlling shareholder in Quality Foods, buying up the interests of founding partners Ken Schley and John

Livestock

Loblaw reports better-than-expected profit

By GFM Network News, Reuters November 16, 2016

Reuters — Canadian grocery and pharmacy retailer Loblaw Cos. Ltd. reported a better-than-expected quarterly profit on Wednesday, as expenses fell and discounting attracted more shoppers. Profit at Loblaw’s main retail unit was helped by lower selling, general and administrative costs, and an increase in same-store sales in the quarter ending Oct. 8, the company said.

Canadians had eagerly anticipated Target’s arrival in Canada, built up through events such as this one-day pop-up store in Toronto, benefiting the United Way, in February 2012. (CNW Group/Target photo)

Markets

In surprise move, Target to pull out of Canada

By GFM Network News January 15, 2015

Toronto | Reuters — Target Corp. will abandon its ill-fated expansion into Canada less than two years after launch, the U.S. discount retailer said on Thursday, in a surprise retreat that will put more than 17,000 employees out of work and cost it billions. Shares of Target, which was granted creditor protection for its money-losing

Daily Network News

U.S. livestock: Feeder cattle hit contract highs on tight supply

U.S. grains: Soybeans tumble on doubts over U.S.-China trade progress

Alberta harvest wrapping up: report

Tag Archives grocery

Sobeys parent to buy fresh-food grocer Farm Boy

Metro to buy Jean Coutu to stave off looming risks

Metro in ‘advanced’ talks to buy Jean Coutu chain

Whole Foods slashes prices on some produce

Amazon to cut Whole Foods prices amid intense grocery turf war

Sobeys, Safeway parent seeks cost-cutting ‘leverage’

Pattison takes up B.C. grocery chain Quality Foods

Loblaw reports better-than-expected profit

In surprise move, Target to pull out of Canada

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