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UPDATE 1-Safeway acquisition boosts Sobeys owner Empire's profit

2014-12-13 14:02:21| Grocery - Topix.net

Empire Co Ltd, the owner of Canadian grocery chain Sobeys Inc, reported a better-than-expected quarterly profit, boosted by its acquisition of the Canadian assets of U.S. supermarket chain Safeway Inc. Empire's shares, which have rallied in the run-up to the results, were down 2 percent at C$83.72 in midday trading on the Toronto Stock Exchange. It reached a record high of C$86.49 earlier in the session.

Tags: update owner profit acquisition

Sobeys operator Empire Q1 profit rises to $123.1M; revenue soars on Safeway buy

2014-09-11 01:41:20| Grocery - Topix.net

Empire Co. Ltd. , parent of supermarket chain Sobeys Inc., has reported a big increase in first-quarter profit, easily beating analyst estimates amid a more than 35 per cent increase in revenue as a result of its acquisition of Canada Safeway.

Tags: buy profit revenue operator

Sobeys to sell former Safeway dairy operation to Agropur co-op for $356 million

2014-07-09 01:32:57| Grocery - Topix.net

Sobeys is selling its milk, yogurt and ice cream manufacturing operations in Western Canada for $356 million to Agropur, a Quebec-based dairy co-operative.

Tags: sell million operation dairy

Sobeys to divest western Canada dairy facilities in $356m deal

2014-07-09 01:00:00| Food Processing Technology

Canadian food retailer Sobeys will sell its four dairy manufacturing facilities in western Canada as part of a $356m deal signed with dairy co-operative Agropur.

Tags: canada western deal facilities