STELLARTON, Nova Scotia — Severance payments and inventory write-offs related to a restructuring of its distribution network, as well as costs related to its going-private transaction, contributed to a 13.5% decline in fourth-quarter earnings for Sobeys here. Empire Co. last month completed the acquisition of Sobeys shares it did not already own, taking the retailer private. Sobeys' financial results from this point will be reflected within the results of Empire, a publicly traded holding ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.