Empire Co. Archives - Just Food
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Empire Co.

In the spotlight: Sobeys joy but questions for Safeway

In the spotlight: Sobeys joy but questions for Safeway

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.

CANADA: Empire names Poulin Sobeys CEO

Empire Co. has promoted Marc Poulin to the post of president and CEO of its Canadian grocery chain Sobeys. Poulin replaces Bill McEwan, who announced his intention to step down…

CANADA: Sobeys CEO McEwan to step down

The president and CEO of Canadian retailer Sobeys has announced his intention to retire on health grounds. Bill McEwan, who has held the position of president and CEO of Sobeys…

CANADA: Sobeys H1 profits up

Canadian retailer Sobeys has reported higher half-year earnings, after posting an increase in second-quarter profits and sales. For the first six months of the year ended 5 November, Sobeys posted net…

CANADA: Sobeys Q1 profits up

Canadian retailer Sobeys saw its first-quarter profits increase by over 3% on the back of higher sales. Sobeys' parent company, Canadian conglomerate Empire Co., said yesterday (14 September) that the…

CANADA: Sobeys sales hit by promotions, deflation

Promotional activity and food deflation have dented Sobey's like-for-like growth, with declines offset only by an increase in selling space. While total sales at Sobeys rose 1.5% in the third…