The CEOs of Canada’s two largest grocery chains — Loblaw Companies and Empire Company — have agreed to appear before a parliamentary committee to face questions about skyrocketing food prices and surging corporate profits if they are asked to attend.
“If requested will attend, and we look forward to reinforcing the testimony we have already provided that highlights the work we’ve done to fight inflation for customers,” Loblaw told the Star in an email.
This comes after Weston, Empire CEO Michael Medline, and Metro CEO Eric La Flèche were summoned by the House of Commons agriculture committee on Monday as part of its inquiry into profiteering by the grocery industry and its business practices. The investigation began in October and the date for the next session has yet to be scheduled.
Empire confirmed to the Star in an email that Medline will appear before the committee if asked. Metro did not respond to an inquiry on whether La Flèche would attend.focused on the rising cost of food, and were criticized when none appeared personally to respond to questions, sending senior executives to attend in their place.The CEOs need to appear “to show respect and some accountability,” said Sylvain Charlebois, head of the Agri-Food Analytics Lab at Dalhousie University.
“It’s the business community’s duty to share information and educate the public,” he added. “This could be an opportunity for the CEOs to explain what they’re going through and their business model.”
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