je.st
news
Troubled Safeway acquisition by Sobeys hits Empire with $1.36-billion Q3 loss
2016-03-10 16:20:06| Grocery - Topix.net
The company behind the Sobeys grocery chain has written down the value of its western business, primarily the Safeway chain, resulting in a loss of $1.36 billion in its latest quarter. Empire says the loss was largely due to a recognition that the long-term value of the Safeway business is lower than previously estimated.
Tags: loss
hits
acquisition
empire
Category:Food and Related Products
Latest from this category |
All news |
||||||||||||||||||||
|
|
||||||||||||||||||||