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Sobey’s to sell 30 Canadian stores for $391 million
Stellarton, Canada — Sobey’s Inc. has entered binding purchase and sale agreements with Overwaitea Food Group and Federated Co-operatives Limited that will see Sobeys sell 22 of the 23 stores it is required to divest as part of its consent agreement with the Competition Bureau related to its purchase of Canada Safeway.
In addition, Sobeys has signed a binding letter of intent with Federated for the sale of its Price Chopper location in Winnipeg, which the company is also required to divest as part of its October consent agreement.
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Giant Carlisle searches for new president
Rick Herring, president of Ahold USA’s Giant Carlisle Division, plans to retire, effective Feb. 14.
Herring has been at Ahold for nearly 25 years and the company credits him with having made many contributions to the organization.
“We would like to thank Rick for his numerous contributions to our companies, as well as for his leadership, dedication and years of service," stated James McCann, Ahold USA COO. "We wish him all the best in this next phase of his life and career.”