Thursday, June 13, 2013

Sobey's Buying Safeway Stores

Canada's second-biggest supermarket chain is getting bigger.

Sobeys, which is based in Nova Scotia, is acquiring the Canadian assets of Safeway for 5.8-billion dollars.
   
Safeway has more than 200 stores between Thunder Bay and the Pacific coast.

Sobeys, which owns or franchises more than 13-hundred stores across Canada, says it has not yet decided if it will keep the Safeway name.