Insights and Stories on Metro

Oct. 2, 2017 at 6:03 pm CDT

Toronto | Reuters — Metro Inc., Canada’s third-biggest food retailer, on Monday agreed to buy pharmacy chain Jean Coutu Group for $4.5 billion in cash and stock, paying what analysts said was a “steep” premium to protect against risks facing the retail sector. The deal comes at time when global […]

By Nichola Saminather

Sep. 28, 2017 at 4:04 am CDT

One of Eastern Canada’s major players in the grocery sector is in “advanced discussions” to take up one of the region’s major drugstore chains. Montreal-based Metro Inc. announced Tuesday it’s in “exclusive” talks with the Jean Coutu Group on the possibilities of a cash-and-stock takeover valued in some reports at […]

By Staff

Mar. 18, 2016 at 6:34 pm CDT

The grocery arm of the body for Canadian retailers has rolled out a 10-year plan to source the eggs its members sell from layer hens raised in “cage-free environments.” The grocer members of the Retail Council of Canada (RCC), which include Loblaw, Sobeys/Safeway, Metro and Wal-Mart Canada, said Friday they […]

By Staff