METRO-RICHELIEU MULLS BUY OF PROVIGO'S LOEB

BRIAN DUNN MONTREAL (FNS) -- Metro-Richelieu here will decide by spring whether to exercise its option to purchase Provigo Inc.'s Loeb division in Ontario, Pierre Lessard, president and chief executive officer, told SN following the company's annual meeting.The purchase would represent Metro's first foray into the Ontario market. Loeb has 104 stores, 92 of them in Ontario and the rest in Quebec, with

BRIAN DUNN MONTREAL (FNS) -- Metro-Richelieu here will decide by spring whether to exercise its option to purchase Provigo Inc.'s Loeb division in Ontario, Pierre Lessard, president and chief executive officer, told SN following the company's annual meeting.

The purchase would represent Metro's first foray into the Ontario market. Loeb has 104 stores, 92 of them in Ontario and the rest in Quebec, with annual sales of about $650 million ($1 billion Canadian). Metro had sales of $2.37 b

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