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View Full Version : Loblaw buys Asian grocery chain



Hans
07-24-2009, 01:52 PM
Loblaw Cos. Ltd. is buying Canada's biggest Asian food retailer for $225-million, allowing the grocer to extend its offerings to what it says is the country's largest growing customer segment.

The move came as Loblaw, the country's largest grocer, said that its second-quarter profit rose almost 38 per cent to $193-million, or 70 cents a share, from $140-million, or 51 cents, a year earlier. Sales rose 2.8 per cent to $7.2-billion from $7-billion.

http://ctv2.theglobeandmail.com/servlet/story/RTGAM.20090724.wloblaw0724/business/Business/businessBN/ctv-business

Slow
07-24-2009, 02:28 PM
Unreal.

Awesome news.