Wednesday, December 20, 2017

Metro, Sobey’s plead innocent

Both the Metro and Sobey’s supermarket chains have issued statements saying they are not aware of any bread price-fixing in their businesses.

However, court documents released Wednesday indicate that the Bureau of Competition Policy is investigating them plus Canada Bread Co. Ltd., Wal-Mart Canada Inc. and Giant Tiger Stores Ltd.

Galen Weston, head of both Loblaws and Weston Bread, revealed that those companies were involved in fixing the price of breads at both the wholesale and retail levels between 2001 and 2015.

Loblaws is now offering $25-dollar gift coupons to shoppers; people can file applications now to be notified when the offer begins next year.

Giant Tiger also issued a statement this week saying it has no reason to believe it violated competition laws and that it is also cooperating with the Bureau’s investigation.