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Comments are welcome while open. We reserve the right to close comments at any time. Join the conversation Create account. Already have an account? Social Sharing. Skip to content Who owns Longos? Who owns Longos? How much did Sobeys buy Longos for? Who is the CEO of Longos? Is Longos expensive? How much is Longos worth?
What company owns Empire? What was Sobeys called before? Are Walmart Stores closing in Canada? Longo's President and CEO Anthony Longo will continue to operate his family's brands, first started by his father and uncles, despite the change of hands. To acknowledge the further consolidation of grocery store monopolies A press release states that "although managed separately, Longo's will benefit from Empire's infrastructure and capabilities, in areas such as Sourcing, Logistics and Real Estate.
Based on online reaction thus far, shoppers don't seem too excited about the news, and worry about how it will impact the quality they've come to know from the business. The majority stake means that Empire can eventually acquire the brand outright and be a per cent owner in the future, though the Longo family says in the release that they intend to remain as long-term shareholders of their homegrown company.
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