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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.
August 2006 Sobey's acquires Achille de la Chevrotière Ltée, including its grocery chain of about 25 stores in Quebec and Ontario. This costs $79.2 million. July 15, 2007 Empire re-buys the remaining outstanding Sobey's share, making it once again an entirely owned subsidiary. September 2007 Sobeys buys Thrifty Foods for $256.6 million.
On September 24, 2018, Empire Company Limited, parent of the Sobeys chain of supermarkets, announced that it had signed an agreement to purchase Farm Boy from Berkshire Partners and Farm Boy's management shareholders [2] in a deal worth CA$800 million. Regulatory approval was required for the purchase. [12]
The company hiked employee pay in March 2020 for the coronavirus pandemic, [108] upping wages by $2 per hour. [109] [110] The union Unifor criticized Loblaws for removing the pandemic pay bump in June 2020. [111] Despite revenue growth, in July 2020, Loblaws reported that profits were down due to expenditures related to the pandemic. [112]
Amy Yin doesn't foresee startups resuming a five-day-a-week in-office work schedule, even after COVID-19 has been battled back. It's probably a safe bet.
[1] [2] IGA Extra locations are larger and carry a wider variety of general merchandise, more akin to the hypermarket model. They include a pharmacy, large bakery, a bank, a bistro, a post office, and a larger selection of food items. IGA Extra launched in the early 2000s to take the place of Sobeys locations in the Quebec City and Montreal areas.
The stores purchased were under the Safeway, Thrifty Foods and Sobeys banners and all were converted to become Save-On-Foods stores. [1] It was also announced that Overwaitea would convert 11 PriceSmart Foods locations to the Save-On-Foods brand. [2] OFG employed over 15,000 team members, as of August 2015.
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]