Search results
The Oshawa Group was once a leading owner of supermarkets in Ontario, Canada. It was bought by Sobeys (via Empire Company Limited) in 1998. The company was based in Etobicoke and traded on the Toronto and Montreal stock exchanges.
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. It is a wholly owned subsidiary of Empire Company ...
Jul 5, 2017 · It wasn’t until parent company Empire acquired the Oshawa Group – owners of IGA and Price Choppers (rebranded later as FreshCo) – that Sobeys achieved the scale it had hoped for. The $1.5 billion sale ($2.1 billion today) tripled the company’s size and forced it to decide whether to rename all the stores under the Sobeys banner.
- History of Sobeys Inc.
- Chronology
- Additional Details
- Further Reference
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.Sobeys triples its size and becomes a national company when it acquires The Oshawa Group – a Toronto-based supplier to Canada’s IGA stores.
Mar 17, 2003 · The new company will have sales of $17 billion, making it far bigger than the $10-billion-a-year Sobeys chain that will emerge from Empire Co. Ltd.'s $1.5-billion takeover of Oshawa Group Ltd., which also received shareholder approval last week.
Nov 2, 1998 · Empire Co., which operates Sobeys, made an unsolicited offer last week worth about $910 million (Canadian $1.4 billion) for all of Oshawa's voting shares owned by the Wolfe family.
