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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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Weiss Markets names CEO
Sunbury, Pa. — Weiss Markets named Jonathan Weis as president and CEO. Weis, 46, will also retain his role as vice chairman of the chain.
Weis has been serving as the company’s interim CEO since David Hepfinger departed in September. He is the son of Robert F. Weis, who remains chairman of Weis Markets.