MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M

MTY Food Group growing beyond the food court with deal to buy Imvescor for $248M
MONTREAL — MTY Food Group Inc. is growing beyond the shopping mall food court with a $248-million stock-and-cash deal to buy Imvescor Restaurant Group Inc. and its full-service restaurant and grocery products businesses. The friendly deal will bring together such MTY banners as Thai Express, Vanellis and Manchu Wok with Imvescor’s Baton Rouge, Pizza Delight and Scores restaurants to create... Read More

DavidsTea evaluating options, including sale, just two years after going public

DavidsTea evaluating options, including sale, just two years after going public
MONTREAL — Canadian beverage retailer DavidsTea is evaluating its strategic options more than two years after it went public and soon after rival Teavana shut its doors. The Montreal-based company announced the move Thursday while reporting weaker than expected third-quarter results. DavidsTea (NASDAQ:DTEA) says its losses surged 30 per cent to $6.5 million from $5 million a year ago. That... Read More

Molson Coors leaving Montreal to build brewery in south-shore city of Longueuil

Molson Coors leaving Montreal to build brewery in south-shore city of Longueuil
MONTREAL — Molson Coors is leaving the Montreal site where it opened a brewery in 1786 and will build a new operation on the south-shore city of Longueuil. The Montreal and Denver-based brewer (TSX:TPX.B) announced its long-anticipated decision Tuesday to employees. The company confirmed in July that it will spend about $500 million to build a new facility but didn’t identify... Read More

Grocers seek to restock the industry with innovation

Grocers seek to restock the industry with innovation
Recent Canadian grocery sector layoffs are about redefining business models more than trimming costs By Sylvain Charlebois Senior Fellow Atlantic Institute for Market Studies Downsizing is never easy. And just weeks before the festive season, reducing staff is bad for morale. But industry changes are forcing Canada’s grocers to rethink store structures, including staffing. Metro let 250 people go recently.... Read More

Sobeys to cut 800 office jobs as part of reorganization of grocery business

Sobeys to cut 800 office jobs as part of reorganization of grocery business
TORONTO — The Sobeys grocery business will be cutting about 800 office jobs across Canada as part of efforts to create one efficient national organization out of five regional operations, the company announced Friday. “The future success of Sobeys, and our continued service to over 900 communities across the country, depends on our steadfast commitment to transform our business,” said... Read More

Grocer Metro Inc. reports fourth-quarter profit up from year ago, sales higher

Grocer Metro Inc. reports fourth-quarter profit up from year ago, sales higher
MONTREAL — Metro Inc. is looking to expand its online grocery offerings to Ontario next year as the food retailing industry ramps up e-commerce options for shoppers. The company already offers “click and collect” in seven stores and home delivery service in Greater Montreal, Quebec City and Gatineau, Que., covering 60 per cent of the population of Quebec, Metro CEO Eric... Read More

Amazon and the slow death of the traditional grocery store

Amazon and the slow death of the traditional grocery store
The Amazon effect has Loblaws and others reimagining their businesses. Consumers will have greater choice and convenience – from their homes By Sylvain Charlebois Senior Fellow Atlantic Institute for Market Studies The bricks-and-mortar food retailing model is losing its lustre in Canada. The signs are everywhere. Loblaws is the latest grocer to commit to home delivery. Starting in December, the... Read More

Loblaw closing 22 stores, launching home delivery in Toronto, Vancouver

Loblaw closing 22 stores, launching home delivery in Toronto, Vancouver
BRAMPTON, Ont. — Loblaw Companies Ltd. says it has finalized a plan that will result in the closure of 22 unprofitable stores across a range of its banners and formats. The decision comes as the retailer plans to bring home delivery services to two of the country’s biggest cities in the next several months. Loblaw (TSX:L) is partnering with California-based... Read More

Give us our daily bread: why a food cartel probe is necessary

Give us our daily bread: why a food cartel probe is necessary
The Competition Bureau’s investigation into bread pricing is likely intended to tell Canadian grocers to stop squeezing food processors By Sylvain Charlebois Senior Fellow Atlantic Institute for Market Studies Is a bread cartel alive and well in Canada? The Competition Bureau is investigating major grocery chains in search of evidence of retail bread price fixing. Loblaws, Sobeys, Metro, Walmart and... Read More

Competition Bureau investigates allegations of bread price fixing

Competition Bureau investigates allegations of bread price fixing
TORONTO — An investigation by the Competition Bureau into allegations of price fixing of packaged bread products comes as demand for the pantry staple faces pressure from health-conscious consumers and heightened competition from discount retailers. John Williams, a partner at retail consulting company J.C. Williams Group, called the probe “shocking” given that Canada’s major retailers are governed by very-well defined codes of ethics. He... Read More