Sobeys Inc. has signed deals to sell 30 of its stores in Western Canada for approximately $430 million. Sobeys purchased Canada Safeway in June of 2013. The Competition Bureau required Sobeys to sell 23 of its stores prior to granting approval for its Safeway...
Grocer Canada Safeway has been bought by Sobeys in a cash deal worth $5.8 billion. Savings of about $200 million yearly are expected with the combined store sales forecasted to be $24 billion annually.
Sobeys has about 1,300 owned and franchised Canadian locations under...