TORONTO — Loblaw Cos. here on Monday said it has closed on its acquisition of T&T Supermarkets, a Vancouver, British Columbia-based Asian supermarket chain. The acquisition was announced in July. Loblaw said it would pay $225 million Canadian for T&T, or about $205.6 million U.S. T&T operates 17 stores and is estimated to generate nearly $500 million in annual sales. Read More of Today's Headlines
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.