Galen Weston appeared in a corridor at the House of Commons, walking like he had taken several deep breaths before turning the corner. A herd of reporters…
“How much is enough?” Singh asked. “You’re making more than you’ve ever made, ever. And you’ve not contradicted that point because you know it’s true.”
“It doesn’t matter how many times you say it, write it, or tweet it. It is simply not true,” Medline told the committee.Last fall, the agriculture committee voted to study the issue, and invited the grocers to testify. But Weston, Medline and Metro’s Eric La Flèche didn’t show, sending lieutenants instead. Alistair MacGregor, the sole New Democratic member of the committee, wasn’t satisfied.
Loblaw and Metro say improvements to their gross margin have come from their pharmacy divisions. But the chains’ public financial reports don’t separate food retail from pharmacy, and Metro and Loblaw have declined to provide extra information.Article contentThe Competition Bureau, however, may be able to get to the bottom of this. The federal regulator is conducting a study of food inflation, looking to make recommendations on how the government could inject more competition into the sector.
Loblaw chief legal Nick Henn confirmed March 8 that Loblaw had provided extra details on its gross margins in food to the bureau following Durocher’s appearance.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: Look beyond grocers such as Loblaw: Food insecurity is going to get a lot worseInflation, geopolitics and climate change are combining in ways that could push food insecurity to crisis levels by the end of this decade
Read more »
Loblaw, other grocery CEOs questioned by MPs on high food prices and profitsLoblaw, Empire and Metro chief executives defended their companies before members of Parliament against accusations that grocery companies are profiteering from inflation
Read more »
'It's impossible' that grocers are causing food inflation, Loblaw chairman tells MPsThe heads of Canada\u0027s largest grocery chains appeared Wednesday in front of a parliamentary committee that is studying inflated grocery prices
Read more »