The Litigator

THE LITIGATOR

Commentary on Law Affecting Business

The Litigator
AGM :: Affleck Greene McMurtry LLP

THE LITIGATOR

Affleck Greene McMurtry LLP
365 Bay Street, Suite 200  ·  Toronto, Canada
416 360 2800  ·  info@agmlawyers.com  ·  www.thelitigator.ca

Loblaws and Shoppers Divestitures Approved

The Competition Bureau has approved plans by Canadian grocery giant Loblaw Companies Limited to divest nine  in-store pharmacies to Remedy’s Rx, two grocery stores to Metro Inc., and two Shoppers Drug Mart pharmacies to the Jean Coutu Group.

The divestitures are pursuant to a March 2014 Consent Agreement between Loblaw and the Commissioner of Competition that resolved the Bureau’s concerns with Loblaw’s of Shoppers Drug Mart Corporation.

Loblaw still has to sell another 14 stand-alone retail outlets, as the Consent Agreement does not permit them simply to be closed. The Bureau expressed the hope that these divestitures will remedy the impact of the merger on both price and non-price elements of competition in these markets.

Daphne Hooper
Affleck Greene McMurtry LLP

Daphne Hooper

Daphne is a former associate of Affleck Greene McMurtry LLP

Contributor's Archive