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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 was founded in Stellarton, Nova Scotia by John W. Sobey, a former carpenter, in 1907 as a meat delivery business. In 1921, Sobey's son, Frank, became a partner of the company and added six new grocery stores serving the Pictou County and Antigonish County regions.
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.
Sobeys issues its first annual report and initiates its initial public offering.
- Interest in Other Companies
- Crombie REIT
- Safeway
- Market Share
- Negatives
- Locations
- In 1983 Sobeys acquired 25% of Hannaford Brothers giving it an interest in the US market. That stake was later sold for $1.03B (July 2000). - 42.8% of Crombie Reit May 2013 worth $622.7m up from $420.7m a year earlier (% is down from 42.9% February 2013, 43.0% November 2012, 44.6% before that), the largest landlord in Atlantic Canada (it also own...
As of May 2013 Crombie Reit has interest in 13,872,103 gross square feet of leasable area. Largest properties: Avalon Mall, Newfoundland (595th), Aberdeen Business Centre, New Glasgow (401th). Nearly all properties >100th in size are in Atlantic Canada however the company has a couple large retail plazas in Quebec (Greenfield Plaza 183th), Saskatch...
On June 12, 2013 Empire Company's offer of C$5.8 billion cash for Safeway Canada was accepted by the California-based retailer. The deal increases Empire Company's locations from 1575 to 1788. Most Safeway Canadian stores are in Western Canada which is great since Empire Company didn't have much market share out there (BC is home to only 32 Empire ...
Based on data from the 2012 calendar year we can assume that Loblaw Companies market share is ~75% greater than Sobeys (based strictly on food retailing revenue at Loblaws and Empire Company Ltd). According to various sources (including Galen Weston Sr) each week Loblaw locations are visited by 14 million Canadians. Based on total food sales in the...
Losing out on A&P in July 2005 to Metro Inc. There was a bidding war between Metro and Sobeys but Sobeys was adament about not giving A&P a 15% stake in Sobeys which was something A&P preferred. A&P ended up costing Metro $1.7 billion (includes $500 million worth of Metro stock). ** Why losing A&P put Sobeys back: A&P operated over 200 stores under...
2006 - 1296 (543 corporate, 753 franchised); 60 drug stores (incl) 2010 - 1334 (633/701); 79 Lawtons 2011 - 1337 (629/708); 79 Lawtons 2013 - January - 1575 (736/839); Lawtons 79; gas stations 260 (236 shell/24 fast fuel), IGA 318 (stable), 29), 9 Cash and Carry, Price Chopper 15 (-30), FreshCo 68 (+11), Thrifty Foods 27 (+1), Needs 127 (-7), Roche...
In many ways, Sobeys’ story is unique in the 150-year history of Canada yet the growth of Sobeys mirrors the building of our nation. Like Canada, Sobeys spread from east to west until both stretched across a continent.
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.
A new public entity, Sobeys Canada Inc., was created in the Oshawa purchase; this was soon renamed Sobeys Inc. Oshawa had started 100 years earlier delivering fruit from a horse-drawn wagon. In 1949, Ray Wolfe acquired what was then known as Oshawa Wholesale.
