LOBLAW SET TO INVEST IN CANADIAN EXPANSION

TORONTO (FNS) -- With the sale of its U.S. retail arm last year, Loblaw Cos. here now is poised to reinvest in key domestic markets.Chairman W. Galen Weston told stockholders at Loblaw's annual meeting that capital from the sale of National Tea Co. -- a subsidiary he called "profitable" but "nonstrategic" -- has armed the voluntary wholesaler and supermarket retailer with a "war chest" of cash for

TORONTO (FNS) -- With the sale of its U.S. retail arm last year, Loblaw Cos. here now is poised to reinvest in key domestic markets.

Chairman W. Galen Weston told stockholders at Loblaw's annual meeting that capital from the sale of National Tea Co. -- a subsidiary he called "profitable" but "nonstrategic" -- has armed the voluntary wholesaler and supermarket retailer with a "war chest" of cash for expansion.

Loblaw plans to boost its presence in Ontario, Quebec and the Mariti

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart