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Loblaw-Shoppers Drug Mart deal approved; Loblaw to close 18 stores
New York -- Loblaw Cos. Ltd.’s acquisition of Shoppers Drug Mart Corp. has been approved by Canada’s Competition Bureau. The $12.4 billion (US$11 billion) deal is expected to close on March 28.
To win approval from the Competition Bureau, Loblaw agreed to sell 18 stores and nine in-store pharmacies.
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Loblaw cuts cheese in record-setting effort
More than 360 select Loblaw banner stores across Canada nabbed the world record for the most wheels of Parmigiano Reggiano cheese cracked simultaneously, as declared by a Guinness World Records adjudicator. Officially, 1,008 wheels were cracked in more than 360 Loblaw banner stores simultaneously across Canada.
