Metro Inc

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Canada grocers, suppliers plan code of practice

25 Mar 2021

Action has been taken to end the row between grocers and food manufacturers in Canada over retailers arbitrarily increasing the fees they charge supplier to sell their products.

Can Canadian grocers and suppliers reach detente?

23 Sep 2020

Andy Coyne looks at the row between Canadian grocers and food manufacturers over fees and examines whether there is any likelihood of a mutually-acceptable solution being found.

Canadian grocer Metro sells meal-kit business MissFresh

10 Dec 2019

Metro Inc., one of Canada's largest food retailers, has offloaded a local meal-kit firm in which it first invested in two years ago.

Canadian grocer Metro buys majority of local meal-kit maker MissFresh

2 Aug 2017

Canadian food retailer Metro Inc has struck a deal to acquire a majority stake in Montreal-based meal-kit maker MissFresh.

CANADA: Metro goes premium with acquisition of artisan baker

18 Jun 2014

Metro Inc has acquired a majority stake in Quebec-based artisan baker Première Moisson in a deal the Canadian retailer said would enable it to differentiate its fresh bakery offering.

CANADA: Metro sees sales recover in Q2

16 Apr 2014

Shares in Metro Inc rose today (16 April) after the Canadian retailer reported improved quarterly sales.

CANADA: Loblaw sees space race easing in H2

21 Feb 2014

Canadian retail giant Loblaw has predicted the recent space expansion seen in the country's grocery sector will "moderate" in the second half of the year.

CANADA: Metro Inc Q1 profits down on flat sales

30 Jan 2014

Metro Inc has reported a fall in quarterly profits amid flat sales at the Canadian grocer.

CANADA: Metro closes produce DC

29 Nov 2013

Canadian retailer Metro Inc is to shut a distribution site in Quebec, with the loss of over 110 jobs.

CANADA: Profits up but sales down at Metro Inc

14 Nov 2013

Canadian retailer Metro Inc has reported an increase in annual profits but a fall in sales, citing, like rival Loblaw, fierce competition in the last three months.

CANADA: Metro plans closures in Ontario

14 Aug 2013

Canadian retailer Metro Inc is to close stores in Ontario to stave off increased competition, the country's most populous province.

In the spotlight: Sobeys joy but questions for Safeway

14 Jun 2013

Canada's second-largest grocer Sobeys has swooped to buy the local business of US supermarket giant Safeway. Sobeys has paid a full price for Safeway's Canadian arm but, writes Dean Best, the market was broadly positive and agreed with the company's optimism. For Safeway, however, the sale does leave some questions.

The week ahead - US retail conference; Kellogg, Kraft Q1s

29 Apr 2013

Wal-Mart, Kroger and Supervalu are among the US retailers presenting at a Barclays sector conference next week. The first-quarter results will continue to roll in, with Kellogg, Kraft Foods Group and Canadian retailer Loblaw part of a group of companies to publish numbers.

Quote, unquote: just-food's week in words

29 Apr 2013

just-food spoke with ABF CEO George Weston this week following the release of the firm's first-half figures. The chief executive spoke about the performance of and prospects for the firm's food operations. Elsewhere, Ocado dismissed reports of a potential takeover by Morrisons, while Nestle defended a trademark lawsuit it has filed against Petra Foods over the Singapore firm's Delfi Take-It chocolate bar.

Editor's choice: the highlights on just-food last week

29 Apr 2013

Associated British Foods grabbed the headlines this week - for good and tragic reasons. Twenty-four hours before a factory in Bangladesh that supplied ABF's discount clothing chain Primark, just-food discussed the Kingsmill bread owner's half-year results. Another UK-listed major, Unilever, this week reported its Q1 sales, which missed analyst estimates on weaker spreads and ice cream sales. Elsewhere, we analysed the return of GM to national UK headlines and China's attempts to improve food safety.

On the money: Fresh, loyalty help Metro manage trading conditions

24 Apr 2013

Canadian retailer Metro Inc has said its fresh food and customer loyalty schemes are helping it trade in a "highly competitive" sector.

CANADA: Metro H1 earnings, sales climb

24 Apr 2013

Canadian retailer Metro Inc has booked an increase in first-half earnings but warned of a challenging few quarters ahead.

The week ahead: ABF H1s; Unilever, Hershey, Premier Q1s

22 Apr 2013

A raft of companies report to the market next week, including UK-based food group Associated British Foods, which is set to unveil its half-year results. Data for the first quarter of 2013 will continue to come in, with Unilever, Hershey and Premier Foods plc among those set to publish numbers.

CANADA: Retailer Metro reports higher Q1 profits

30 Jan 2013

Canadian retailer Metro Inc has reported an increase in first-quarter profits as higher sales boosted margins.

US: Safeway shares jump on Canadian sell-off speculation

24 Jan 2013

Shares in Safeway have risen after analysts suggested that Canadian retailers could be freeing up cash in preparation for a bidding war over the US retailer's Canadian operations.

CANADA: Metro sells Couche-Tard stake

23 Jan 2013

Metro Inc plans to raise C$479m (US$482m) through the sale of its stake in convenience operator Couche-Tard.

CANADA: Metro Inc outpaces rival Loblaw

15 Nov 2012

Canadian retailer Metro Inc has reported higher annual profits - and seen sales in its most recent quarter outstrip rival Loblaw.

CANADA: Metro increases focus on retail with foodservice sale

22 Oct 2012

Metro Inc has announced the sale of its foodservice division, Distrago, as it looks to increase its focus on its core food stores.

CANADA: Metro Q3 profit up after sales rise

9 Aug 2012

Canadian retailer Metro Inc has today (9 August) posted a rise in third-quarter net profits on the back of increased sales.

CANADA: Metro to open Quebec facility

5 Jul 2012

Canadian retailer Metro Inc has broken ground on a produce and dairy products warehouse in Quebec.

CANADA: Metro appoints Thibault as CFO

22 Jun 2012

Canadian retailer Metro Inc has appointed François Thibault as group CFO.

CANADA: Metro Q2 profits rise

18 Apr 2012

Canadian retailer Metro Inc has booked a 12% increase in second-quarter profits, boosted by the contribution from majority-owned ethnic food retailer Adonis.

CANADA: Metro CFO Dufresne joins owner of rival Loblaw

21 Feb 2012

The ex-CFO of Canadian retailer Metro Inc has joined George Weston, the owner of rival grocer Loblaw.

CANADA: Dufresne quits as Metro CFO

21 Feb 2012

Canadian retailer Metro Inc Richard Dufresne has quit as the company's CFO.

CANADA: Adonis aids Metro Q1 profits jump

1 Feb 2012

Canadian grocer Metro Inc's shares rose after a first-quarter spike in profits, revenue and like-for-like sales.



Forgot your password?