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Grocery giant Empire buys majority stake in specialty grocer Longo's for $357M


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. ....

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Closing arguments in van trial and support for two Michaels: In The News for Dec. 18


Closing arguments in van trial and support for two Michaels: In The News for Dec. 18
by The Canadian Press
Last Updated Dec 18, 2020 at 4:28 am EDT
In The News is a roundup of stories from The Canadian Press designed to kickstart your day. Here is what’s on the radar of our editors for the morning of Dec. 18 …
What we are watching in Canada …
Foreign Affairs Minister Francois-Philippe Champagne is shooting back at China’s criticism of efforts to build international support for freeing two detained Canadians.
Champagne tells The Canadian Press he’ll take no lessons from China when it comes to defending Canadian interests and standing up for Michael Kovrig and Michael Spavor. ....

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