Loblaw Buys T&T Supermarkets

In a move that would provide a vehicle to reach growing Asian populations and improve merchandising and sourcing expertise for its own stores, Loblaw Cos. agreed to acquire Canada's premier Asian supermarket chain, T&T Supermarkets, for about $207 million (U.S.). T&T, based in Richmond, British Columbia, operates 17 Asian specialty grocery stores across Canada lauded for their unique selection

TORONTO — In a move that would provide a vehicle to reach growing Asian populations and improve merchandising and sourcing expertise for its own stores, Loblaw Cos. agreed to acquire Canada's premier Asian supermarket chain, T&T Supermarkets, for about $207 million (U.S.).

T&T, based in Richmond, British Columbia, operates 17 Asian specialty grocery stores across Canada lauded for their unique selection and expansive fresh and prepared-food departments. Observers told <

Register to view the full article

Already a member? .