Loblaw Takes Another Big Hit

BRAMPTON, Ontario Loblaw Cos. here said last week it will take a goodwill impairment charge related to its 1998 acquisition of Provigo Inc. totaling about $500 million to $760 million (U.S.) for the year ending Dec. 30, 2006. During a conference call with analysts, the company said the decision to take the write-down followed its annual goodwill impairment test analysis, although it did not explain

BRAMPTON, Ontario — Loblaw Cos. here said last week it will take a goodwill impairment charge related to its 1998 acquisition of Provigo Inc. — totaling about $500 million to $760 million (U.S.) — for the year ending Dec. 30, 2006.

During a conference call with analysts, the company said the decision to take the write-down followed its annual goodwill impairment test analysis, although it did not explain why it had taken so long to book the charge, which will be finalized and a

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