TORONTO, Oct. 31, 2017 /CNW/ - George Weston Limited (TSX:WN, "George Weston") and Loblaw Companies Limited (TSX:L, "Loblaw") today confirmed that they are aware of an industry-wide investigation by the Competition Bureau concerning a price-fixing scheme involving certain packaged bread products. George Weston and Loblaw are cooperating fully.
This process is unfolding and the companies will provide further comment when they can do so.
SOURCE Loblaw Companies Limited
For further information: Loblaw Companies Limited: Kevin Groh, email@example.com; George Weston Limited: Geoffrey Wilson, firstname.lastname@example.org
Loblaw Companies Limited is Canada’s food and pharmacy leader, the nation’s largest retailer, and the majority unitholder of Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and Associate-owned...
George Weston Limited is a Canadian public company, founded in 1882, engaged in food processing and distribution. The Company has two reportable operating segments: Weston Foods and Loblaw, and holds cash and short term investments. Supported by a strong balance sheet, the Company seeks long-term, stable growth in its operating segments through continuous capital investment. Weston is committed...