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In February 2014, it was announced that Overwaitea would purchase 15 stores from Sobeys, three in Alberta and twelve in British Columbia. The stores purchased were under the Safeway , Thrifty Foods and Sobeys banners and all were converted to become Save-On-Foods stores. [ 1 ]
Safeway (also referred to as Canada Safeway) is a Canadian supermarket chain of 135 full service supermarket stores mostly operating in the western provinces in Canada.It was established in 1929 as a subsidiary of the American Safeway Inc., before being sold in 2013 to Canada's second-largest supermarket chain, Sobeys, a division of the conglomerate Empire Company. [1]
In 2004, the Jim Pattison Group agreed to pay $125,000 per year for 10 years for the Save-On-Foods name rights on Victoria’s new arena, [4] amidst unpopular public opinion. [5] In February 2014, the company announced it was taking over 14 stores on Vancouver Island owned by Sobeys, mostly under the Safeway and Thrifty Foods banners. [6]
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September 2007 Sobeys buys Thrifty Foods for $256.6 million. 2011 Sobeys purchases 236 retail gas locations for $214.9 million in Québec and Atlantic Canada. [5] June 2013 Empire buys all of Safeway Canada's stores for $5.8 billion; September 2018 Empire announces intent to buy Farm Boy stores in an $800 million deal. [6]
FreshCo Ltd. is a Canadian chain of discount supermarkets owned by Sobeys. [2] It was launched in March 2010. [3] As of September 2023, there were 100 FreshCo stores. In December 2017, Sobeys Inc. announced plans to re-brand up to 64 stores in western Canada currently under the Safeway and Sobeys names into the FreshCo banner.
Sobeys Inc. [4] is a national supermarket chain in Canada with over 1,500 stores operating under a variety of banners. Headquartered in Stellarton, Nova Scotia, it operates stores in all ten provinces and accumulated sales of more than C$25.1 billion [3] in the fiscal 2019 operating year.
On April 14, 2014, Overwaitea Food Group took over three Thrifty Foods locations including Brooks Landing in Nanaimo (Save-On-Foods), Abbotsford (Cooper's Foods Then Co-op), and Sapperton at New Westminster (Save-On-Foods) via an acquisition to ensure that Sobeys does not become a monopoly in the region after acquiring Thrifty Foods rival Safeway.