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December 1999
- Only one month after taking over IGA parent Oshawa Food Group, Sobeys Stores Limited went public in December 1999 (Empire Company Ltd owned 62% of equity at the time, also publicly traded).
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Sobeys Inc. [4] is a national supermarket chain in Canada with over 1,500 stores operating under a variety of banners. Headquartered in Stellarton, Nova Scotia, it operates stores in all ten provinces and accumulated sales of more than C$25.1 billion [3] in the fiscal 2019 operating year.
A comprehensive and up-to-date listing of the parent companies behind the most recognizable grocery store banners in the U.S. and Canada.
Our History. A proudly Canadian business, here’s how Sobeys Inc. has grown from a small meat delivery business in Stellarton, Nova Scotia to more than 1,600 stores across the country. Scroll across to see Sobeys Inc. grow through the years to become the iconic Canadian company it is today.
- History of Sobeys Inc.
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Sobeys Inc. is one of Canada's top grocers. The company operates more than 1,300 stores under the IGA, Sobeys, IGA Express, and Price Chopper banners in all ten provinces. Sobeys also has an extensive wholesale distribution business in addition to its retail supermarkets. The acquisition of the Oshawa Group in 1998 tripled the company's size. Sobey...
Key Dates1907J.W. Sobey forms a meat delivery service in Stellarton, Nova Scotia.1946The company is incorporated as Sobeys Stores, Ltd.1947Sobeys opens its first modern supermarket.Public CompanyIncorporated:1946 as Sobeys Stores, Ltd.Employees:75,000Sales:CAD 12.19 billion ($9.68 billion) (2005)Anderson, Mark, "Subject: Sobeys Inc.," National Post Business,September 2003, pp. 30-32.Beres, Glen A., "Oshawa's Expanding Agenda: Despite a Host of Challenges, Canada's No. 3 Food Distributor Is Honing a Strategy for Growth," Supermarket News,June 19, 1995, pp. 1ff.Bruce, Harry, Frank Sobey: the Man and the Empire,Toronto, Ontario: MacMillan, 1985.------, "The Grocery Kings from Stellarton," Reader's Digest (Canadian),January 1987, pp. 55ff.In 1982, Empire Company Limited went public on the Toronto Stock Exchange. For the year ending April 30, 1998, Sobey's revenue stood at $3.3 billion with assets close to $2B and full fledged supermarkets numbering over >100.
Sobeys began in Stellarton, Nova Scotia as a meat-delivery business. President and CEO – Michael Medline. Fiscal 2018 revenue of $24.2 billion. More than 1,600 owned or franchised stores across all 10 provinces, as well as more than 350 retail fuel locations.
Jan 14, 2022 · It all started in 1907 when John William (J.W.) Sobey began delivering meat via horse and buggy in Stellarton, Nova Scotia. Wanting to target foot traffic in the area too, he built the first Sobeys store in 1912 and added local produce, dairy, fish and other staples to his product offerings.
