Content about Sobeys Inc.

June 12, 2013

The Canadian retail landscape shifted again late Wednesday when Safeway announced the sale of its operations there to Sobeys Inc. for $5.8 billion.

The Canadian retail landscape shifted again late Wednesday when Safeway announced the sale of its operations there to Sobeys Inc. for $5.8 billion.

The all cash deal will result in net proceeds to Safeway of about $2 billion which will be used to pay down debt. Sobey’s is a Canadian food retailer and a wholly owned subsidiary of Empire Company Limited. It is acquiring Safeway’s 223 store operation and 12 manufacturing facilities that last year generated sales of $6.7 billion in Canadian dollars and a $428 million operating profit.

September 26, 2011

Details for Target's entry into Canada continue to fall into place as the retailer announced last week a long-term wholesale distribution agreement with Sobeys Inc.

STELLARTON, NS  and MINNEAPOLIS — Details for Target's entry into Canada continue to fall into place as the retailer announced last week a long-term wholesale distribution agreement with Sobeys Inc.

Beginning in early 2013, Sobeys will supply Target’s food and grocery requirements for frozen, dairy, and dry grocery products, inclusive of both national brand and Target’s private label brands.