Loblaw Cos. Ltd. acquires T&T Supermarket Inc.
Loblaw Cos. Ltd. acquires T&T Supermarket Inc.
Loblaw Cos. Ltd., Canada's largest food distributor, announced that its subsidiary, Loblaws Inc., had purchased all of the common shares of Richmond, BC-based T&T Supermarket Inc., one of Canada's larger Asian food retailers, for $225 million (Canadian). According to a press release issued July 24 by T&T Supermarket Inc., "T&T Supermarket began operations in 1993 and now operates 17 stores in the provinces of British Columbia, Alberta and Ontario and four distribution centers, three in Vancouver and the other in Toronto. T&T Supermarket offers a robust Asian food offering with emphasis on