There’s no evidence that a grocery code of conduct would raise food prices for Canadians, said Empire Co. Ltd. chief executive Michael Medline.
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Grocery code of conduct won't drive prices higher, Sobeys chief executive saysEmpire Co. Ltd. chief executive Michael Medline said there's no evidence that a grocery code of conduct would raise food prices for Canadians.
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Grocery code of conduct won't drive prices higher, Sobeys chief executive saysTORONTO — Empire Co. Ltd. chief executive Michael Medline said there’s no evidence that a grocery code of conduct would raise food prices for Canadians.
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Sobeys CEO says grocery code of conduct won't raise food pricesEmpire Co. Ltd. chief executive Michael Medline said there's no evidence that a grocery code of conduct would raise food prices for Canadians. The president and CEO of Sobeys' parent company made the comment at a Retail Council of Canada event in Toronto on Tuesday. Medline said he wouldn't support a grocery code of conduct for his industry if he thought it would make retail prices higher. Last fall, Loblaw and Walmart said they wouldn't sign the code as currently drafted, stalling progress as the code neared completion. Proponents of the code say it will help level the playing field for suppliers and smaller grocery retailers.
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Sobeys CEO says grocery code of conduct won't raise food pricesSobeys' CEO, Michael Medline, stated that there is no evidence to suggest that a grocery code of conduct would increase food prices for Canadians. Medline made this comment at a Retail Council of Canada event in Toronto. He also mentioned that he wouldn't support such a code if it resulted in higher retail prices. The impasse between Loblaw, Walmart, and the code's proponents has led to discussions of making the code mandatory instead of voluntary.
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