Empire Company Ltd. has agreed to buy a majority stake in supermarket chain Longo's and its Grocery Gateway e-commerce business in a deal that further consolidates Canada's grocery retail landscape.
By Brett Bundale, The Canadian Press on March 16, 2021.
A Grocery gateway.com van is shown in this file photo. 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 CANADIAN PRESS/David Lucas
Empire Company Ltd. has agreed to buy a majority stake in supermarket chain Longo’s and its Grocery Gateway e-commerce business in a deal that further consolidates Canada’s grocery retail landscape.
The Sobeys parent company said Tuesday the $357-million deal expands its reach in the lucrative southwestern Ontario market, building on its recent acquisition of Farm Boy.
Empire and its flagship Sobeys brand have historically struggled to strengthen their foothold in Ontario, and CEO Michael Medline has heavily invested to…
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