Sobeys operates 633 corporate stores, encompassing supermarkets, convenience stores, drug stores and fuel centers, and supplies 701 franchised stores. It is owned by Empire Cos. and accounts for approximately 98% of Empire’s total sales.
CHICAGO — Fitch Ratings here said Wednesday it expects operations at Safeway to continue to be pressured following the closing of the sale of the chain's Canadian assets earlier this week to Empire Co., operator of Sobeys....More
PLEASANTON, Calif. — The presence of $4 billion on Safeway’s balance sheet from the sale of its Canadian stores has apparently piqued the interest of private-equity buyers in possibly acquiring all or part of the supermarket company’s assets....More
PLEASANTON, Calif. — Safeway's stock rose nearly 8.2% Wednesday to $35.58 per share following approval by the Canadian Competition Bureau of the sale of its Canadian assets to Empire Co. and the speculation that followed that Safeway itself may become an acquisition candidate....More
STELLARTON, Nova Scotia — This month, Sobeys launched its “Better Food For All” program to help customers make different food choices in partnership with Chef Jamie Oliver at its Sobeys banner stores across Canada....More