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Food Basics was created by A&P Canada to compete with the successful No Frills warehouse-style supermarket operated by Loblaw Companies.It became part of the Metro group [2] when A&P Canada was sold to Metro for $1.7 billion in 2005.
Metro Inc. operates Les 5 Saisons; Food Basics; Marché Adonis; Marché AMI; Marché Extra; Marché Richelieu; Metro / Metro Plus; Super C; Pattison Food Group operates AG Foods; Bulkley Valley Wholesale; Buy-Low Foods; Choices Markets; Meinhardt Fine Foods; Nature’s Fare Markets; Nesters Market; PriceSmart Foods; Quality Foods; Save-On-Foods ...
In 2011 Metro acquired a majority stake (55.5%) (CAD$153.8 million) in Marché Adonis, one of Quebec's biggest ethnic food retailers specializing in Mediterranean food (Marché Adonis sales CAD$73 million 2011). In a March 2020 press release, Metro announced that it will invest about $420 million within next five years for the construction of a ...
On July 19, 2005, Metro Inc. announced that it had reached an agreement with The Great Atlantic & Pacific Tea Company, Inc. and its subsidiary, A&P Luxembourg S.à.r.l., to acquire all of the issued and outstanding common shares of A&P Canada, for an acquisition price of $1.7 billion, consisting of $1.2 billion in cash and $500 million in the ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 December 2024. Canadian discount supermarket chain; a subsidiary of the Loblaw Companies For the eastern Nebraska and western Iowa "No Frills" chain, see No Frills Supermarkets. No Frills The banner's current logo A No Frills location in Markham, Ontario Company type Subsidiary Industry Retail ...
On August 7, 2008, Metro announced it would invest $200 million consolidating the company's conventional food stores under the Metro banner. Over a period of 15 months, all stores were converted to the Metro name, beginning with the Dominion stores in the Toronto area.
In March 2023, Galen Weston Jr. along with the CEOs of Metro Inc. and Empire Co. was summoned to testify before a House of Commons committee as part of an ongoing study on food price inflation. [113] He informed lawmakers that the grocery chain earned $2.66 billion Canadian dollars before taxes in the previous year, at a pre-tax margin of 4.7% ...
In 2006, following Metro's acquisition of The Great Atlantic & Pacific Company of Canada, Loeb became a subsidiary of A&P Canada. New products and services were introduced to Loeb stores, and the Merit, Econochoix, and Irresistible lines were dropped in favour of A&P Canada's own Master Choice, Equality and Baker's Oven products, along with ...