This article may rely excessively on sources too closely associated with the subject , potentially preventing the article from being verifiable and neutral.(April 2015) |
Company type | Public |
---|---|
TSX: EMP.A | |
Industry | Conglomerate/ Holding company |
Founded | 1963 |
Headquarters | , Canada |
Number of locations | 1500 stores, 350 retail fuel(2020) |
Key people | Michael Medline, President and CEO |
Brands | Compliments |
Revenue | $26.588 billion CAD (2019) |
$1,111.8 million CAD (2019) | |
$612.8 million CAD (2019) | |
Total assets | $14,632.9 billion CAD (2019) |
Total equity | $3.924 billion CAD (2019) [1] |
Number of employees | 127,000 (2020) [2] |
Subsidiaries | Sobeys Crombie REIT Safeway Farm Boy FreshCo Foodland Needs Convenience Lawtons IGA / IGA Extra Marché Bonichoix Marché Tradition Rachelle-Béry Thrifty Foods Pete's Frootique Big 8 Beverages Longo's |
Rating | BB+ |
Website | www.empireco.ca |
Empire Company Limited is a Canadian conglomerate engaged mostly in food retail and corporate investments. Founded in 1963, the company is headquartered in Stellarton, Nova Scotia and owns the Sobeys supermarket chain. [3] In total, the company owns, affiliates or franchises more than 1,500 stores; in addition to Sobeys, brands include Safeway, IGA, Foodland, Farm Boy, FreshCo, Thrifty Foods and Lawtons Drug. [4]
Empire Company has a long history of acquisitions:
Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.
Metro Inc. is a Canadian food retailer operating in the provinces of Quebec and Ontario. The company is based in Montreal, Quebec, with head office at 11011 Boulevard Maurice-Duplessis. Metro is the third largest grocer in Canada, after Loblaw Companies Limited and Sobeys.
Sobeys Inc. is a national supermarket chain in Canada with over 1,500 stores operating under a variety of banners. Headquartered in Stellarton, Nova Scotia, it operates stores in all ten provinces and accumulated sales of more than C$25.1 billion in the fiscal 2019 operating year. It is a wholly owned subsidiary of Empire Company Limited, a Canadian business conglomerate.
Safeway, Inc. is an American supermarket chain. The chain provides grocery items, food and general merchandise and features a variety of specialty departments, such as bakery, delicatessen, floral and pharmacy, as well as Starbucks coffee shops and fuel centers. It is a subsidiary of Albertsons after being acquired by private equity investors led by Cerberus Capital Management in January 2015. Safeway's primary base of operations is in the Western United States with some stores located in the Mid-Atlantic region of the Eastern Seaboard. The subsidiary is headquartered in Pleasanton, California.
The Oshawa Group was once a leading owner of supermarkets in Ontario, Canada. It was bought by Sobeys in 1998. The company was based in Etobicoke and traded on the Toronto and Montreal stock exchanges.
Vons is a supermarket chain owned by Albertsons, with most of its locations in Southern California and the Las Vegas Valley. It is headquartered in Fullerton, California, and operates stores under the Vons and Pavilions banners. It was owned by Safeway Inc. and headquartered in Arcadia, California, before that company was acquired by and folded into Albertsons along with all of their subsidiaries, including Vons.
Empire Theatres Limited was a movie theater chain in Canada, a subsidiary of Empire Company Ltd., the holding company of the Sobey family conglomerate.
Farm Boy Inc. is a Canadian specialty food retailer operating in the province of Ontario. The company is based in Ottawa, Ontario. Since 2018, the company is majority owned by the Sobeys grocery chain's parent company, Empire Company Ltd.
Roundy's Supermarkets is an American supermarket operator. It owns and operates stores under the names of Pick 'n Save, Metro Market, and Mariano's Fresh Market. The chain is a subsidiary of Kroger. Roundy's operates 149 supermarkets and 107 pharmacies throughout the states of Wisconsin and Illinois. Based on fiscal year 2012 sales, Roundy's was the 37th largest grocery store chain and the 89th largest retailer in the United States. As of December 2015, Roundy's became a subsidiary of Kroger of Cincinnati, Ohio.
Commisso's Food Markets was a Canadian supermarket chain based in Beamsville, Ontario. Operating under Commisso's Grocery Distributors Limited, the chain was part of one of the largest independently owned grocery and food distribution chains in Southern Ontario. At its peak, Commisso's operated a wholesale business and distribution centre, six cash and carry outlets, and 16 supermarkets across the Niagara and Hamilton areas, where its commitment to "quality products, friendly people and low prices" proved very popular.
AppleTree Markets was a supermarket chain in Texas formed in 1969 when Safeway opened its first stores in Houston, which were spun off under the AppleTree name in 1988. The division once had 100 stores in Greater Houston and Greater Austin. By January 21, 2002, AppleTree had reduced its holdings to two stores in Bryan, Texas, where it had shifted its headquarters. One of the remaining locations was sold in 2009 and the final location, in Bryan at Highway 21 and Texas Avenue, closed in early 2012, marking the end of the chain.
Longo Brothers Fruit Markets Inc., commonly known as Longo's, is a Canadian chain of retail supermarkets and grocery delivery service that serves the Southern Ontario area. It is controlled by Sobeys parent Empire Company in partnership with the founding Longo family. Its corporate office is located in Vaughan, Ontario, and it operates locations mainly in the Greater Toronto and Hamilton Area.
Cedar Realty Trust, Inc. is a real estate investment trust that invests in shopping centers. It is a subsidiary of Wheeler Real Estate Investment Trust. As of December 31, 2022, the company owned 19 properties with 2.9 million square feet of leasable space primarily in the Northeastern United States, including 7 properties in Pennsylvania. The company's major tenants are TJX Companies, Kohl's, Shaw's, Dollar Tree, and Walmart. The only notable property owned by the company is The Shoppes at Trexler.
Crombie REIT is a Canadian unincorporated open ended publicly traded real estate investment trust which trades on the Toronto Stock Exchange and has an estimated market capitalization of $1.6 billion. The company is based in New Glasgow, Nova Scotia.
Victory Super Markets was a grocery store chain based in Leominster, Massachusetts that included 20 stores across Massachusetts and New Hampshire. It was founded in 1923 by two DiGeronimo brothers and was originally named after the American war effort in World War I. It acquired 4 Shaw's locations in the Boston Metro Area since around 1999 and 2000. The family-run company was sold to Hannaford Brothers Company in 2004 after a successful 81 year stretch. When it was sold, the company employed over 2,600 workers and had an annual revenue of $385 million. In 2005, the website began redirecting people to the Hannaford website.
Hines Interests Limited Partnership is a privately held company that invests in and develops real estate.
Safeway is a Canadian supermarket chain of 135 full service supermarket stores mostly operating in the western provinces in Canada. It was established in 1929 as a subsidiary of the American Safeway Inc., before being sold in 2013 to Canada's second-largest supermarket chain, Sobeys, a division of the conglomerate Empire Company. Independent since 2013 from the American company it continues to use the same Safeway name and logo as of May 2023.
Scene+ is a Canadian loyalty program established in 2007. It is owned by Scene LP, which is jointly owned by Galaxy Entertainment, a subsidiary of Cineplex Inc., Scotiabank, and Empire Company.
Supermarket Income REIT is a property company which invests in retail property and holds a large portfolio of supermarkets. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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: CS1 maint: archived copy as title (link)Empire's real estate expertise, purchasing and distribution systems will help Farm Boy grow, York said, adding that it will be easier to get prime locations with Sobeys' backing