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Melissa Tait/The Globe and Mail
Sobeys owner Empire Company Ltd. is expanding its presence in Ontario, with a $357-million deal to buy 51 per cent of grocery store chain Longo’s and its e-commerce service, Grocery Gateway.
The deal announced on Tuesday adds 36 Longo’s stores in the Greater Toronto Area and Southern Ontario to Empire’s retail portfolio. The Stellarton, N.S.-based grocer already owns banners that include Sobeys, Safeway, FreshCo, Foodland and others. It is also the second acquisition of a smaller Ontario grocer since Michael Medline was appointed Empire’s chief executive in 2017 – the following year, the company bought a majority stake in Farm Boy. Like that chain, Longo’s will continue t
Sobeys parent company to buy 51% stake in Longo s, Grocery Gateway
The parent company of Sobeys said it has signed a deal to buy a 51 per cent stake in specialty grocery store chain Longo s and its Grocery Gateway e-commerce business for $357 million.
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The Canadian Press ·
Posted: Mar 16, 2021 8:21 AM ET | Last Updated: March 16
The parent company that owns Sobeys announced a deal to buy a 51 per cent stake in Toronto-area grocer Longo s and its Grocery Gateway e-commerce business.(Sam Nar/CBC)
STELLARTON, N.S. Empire Company Ltd. says it has signed a deal to buy a 51 per cent stake in specialty grocery store chain Longo’s and its Grocery Gateway e-commerce business for $357 million. The parent company of Sobeys says the deal adds two high-quality banners to its business and helps it grow in Ontario. […]
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Longo s, the family-owned grocery store brand from Southern Ontario, has just been largely bought out by the supermarket giant behind Sobeys, FreshCo, Farm Boy, Foodland.
Empire Company Limited announced the major acquisition on Tuesday morning, in which they ve purchased the majority stake (51 per cent) of the Longo family s stores and their long-running online grocery tool Grocery Gateway for a cool $357 million.
Hi there, we appreciate the love. Longo s and Grocery Gateway will continue to operate independently from other Empire brands. Our Guests, like you, will continue to receive the same high quality products and exceptional experiences you know and love.