Farm Boy

Last updated

Farm Boy Inc.
IndustryGrocery
Founded1981;43 years ago (1981)
FounderJean-Louis and Collette Bellemare
Headquarters
Ottawa, Ontario
,
Canada
Number of locations
47 [1]
Area served
 Ontario
Parent Empire Company (2018–present)
Website farmboy.ca
Farm Boy Queen's Quay location Farm Boy in 100 Queens Quay E 2023.jpg
Farm Boy Queen's Quay location
Farm Boy Bathurst Street location FarmBoyToronto2.jpg
Farm Boy Bathurst Street location

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. [2]

Contents

The retailer markets itself as selling fresh produce and food products, emphasizing their branding on farm-to-table. Its current slogan can be found under the Farm Boy sign on its stores, "It's All About The Food." The stores are smaller than large supermarket chain locations and are usually located on major streets with room for large parking lots for automobile access. However, they are also conveniently located in malls and urban areas with little parking that caters to downtown pedestrians. The company has its own private label, Farm Boy, on its packaged food.

History

On December 2, 1981, Collette and Jean-Louis Bellemare opened the first Farm Boy on Cumberland Street in Cornwall, Ontario. At that time, the modest 300 sq. ft. store sold only produce. [3] The original store was moved in 1984 by Jean-Louis and his brother Normand Bellemare. [3] [4] The move to their 5,000 sq. ft. (460 m2) [5] Sydney Street location allowed them to expand their products beyond produce with dairy, deli, cheese, and meat product lines. An in-store bakery and bulk food were later added. [3]

Expansion

By 1992, the success of Farm Boy allowed the family to expand the business into Ottawa. Beginning on Centrum Boulevard in Orleans, the company expanded in Ottawa with eight additional stores by 2007. [4] Store openings included Nepean on Merivale Road (1996), Hillside Plaza on Montreal Road (1997), Kanata (1997), Blossom Park (2003), and a second Orleans location (2004). The Ottawa expansion continued with new stores in Barrhaven (2006), Blue Heron Mall on Bank Street (2006), and the Kanata Signature Centre (2007). [6] Ottawa continued gaining Farm Boy locations at Britannia Plaza (2011), Stittsville (2011), Place d'Orleans (2012), which was the first store to offer an in-store eating area.

In the fall of 2003, the Bellemares created a board of directors to oversee the company's overall direction and appointed Jeff York as the new President of Farm Boy in 2009. In 2012, Normand and Daniel Bellemare stepped down as the Boston-based investment group Berkshire Partners invested in the company. [7]

In 2012, Farm Boy expanded to Kingston, Ontario. [8] In 2014, Farm Boy expanded to London, Ontario. Citing success in its first London location at Wellington Road just north of Bradley Ave, the company announced two more locations would open in the spring of 2015. The first is located near CF Masonville Place in the city's north end, and the region's largest store is located at Wonderland and Beaverbrook, just west of Western University. The Wonderland and Beaverbrook location also has the company's regional offices. [9] [10] In the summer of 2015, Farm Boy furthered its expansion with its first location in Kitchener and Whitby. In the summer of 2016, another store was opened in the Westboro neighbourhood of Ottawa. This store was meant as an experiment for the company to have a more central location with a greater focus on in-store dining with a larger eating area and "Farm Boy Kitchen" prepared food area. In July 2017, it was announced that Farm Boy would be taking over part of the former food court location at CF Rideau Centre in downtown Ottawa, [11] which opened mid-December 2017. On March 1, 2018， Farm Boy opened their first store in Toronto, in the suburb of Etobicoke at Alderwood Plaza. On March 22, 2018, the company opened their 26th location in Hamilton at Harvard Square Plaza.

Sale of the company

On September 24, 2018, Empire Company Limited, parent of the Sobeys chain of supermarkets, announced that it had signed an agreement to purchase Farm Boy from Berkshire Partners and Farm Boy's management shareholders [2] in a deal worth CA$800 million. Regulatory approval was required for the purchase. [12]

Farm Boy founder Jean-Louis Bellemare, his co-CEO Jeff York and other members of the senior executives will stay on and reinvest to own a 12% share in the new company, which will operate as a separate entity. [13] The new ownership will allow Farm Boy to continue with aggressive expansion plans into south-western Ontario, and in particular the Toronto region. [14] The business was expected to double over the next five years. [15]

Empire had no intention of integrating Farm Boy into their major chains. Michael Medline, President and CEO of Empire Company Limited, assured consumers that they will continue to get the shopping experience that defines Farm Boy. On Twitter, he made this comment in reply to many who had expressed concern: "I can assure you that we will not screw this up." Medline also told analysts in a conference call, "We do not want to ruin the magic of Farm Boy by trying to integrate them. We love what Farm Boy is doing; it has the best brand ... we want to see it grow ... We intend to enable the leadership team of Farm Boy to do what they do best: grow a highly successful retail format at double-digit rates". [2] Farm Boy products will not be sold in Empire's other chains nor will Farm Boy stock their brands. Farm Boy products will be included in the Ocado-based e-commerce business expected to start in 2020 but as a separate entity from the other Empire chains. [13]

Current

By September 2018, the chain had 26 stores and annual sales of CA$500 million. There are now 47 locations. The Financial Post summarized the store's appeal as, "It’s known for its fresh products, pre-made food, smaller stores and private label products". [13] The company announced that its focus for future expansion will be on both urban and suburban locations around Ontario. [16]

Stores

See also

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References

  1. ↑ "Our Stores". farmboy.ca. Farm Boy. Retrieved July 3, 2023.
  2. 1 2 3 "Empire to buy Farm Boy chain for $800 million - Sobeys parent aims to accelerate fresh market's expansion". Supermarket News. September 24, 2018. Retrieved September 27, 2018.
  3. 1 2 3 "Farm Boy Celebrates 35 Years in Hometown". Choose Cornwall. January 23, 2017.
  4. 1 2 "Farm Boy Celebrates 35 Years of Fresh, Tasty Foods and Friendly Customer Service". Farm Boy.
  5. ↑ "Historic Cornwall Fairview". Cornwall Community Museum. December 22, 2015.
  6. ↑ "Fast Facts & Timeline". Farm Boy.
  7. ↑ "Berkshire Partners to Invest in Farm Boy". www.berkshirepartners.com. November 13, 2012. Retrieved April 18, 2019.
  8. ↑ "Farm Boy Expanding to Southwestern Ontario". Berkshire Partners. March 12, 2014.
  9. ↑ "Farm Boy London | It's all about the food". Archived from the original on September 1, 2015. Retrieved August 25, 2015.
  10. ↑ "Farm Boy expanding to three locations in London". London. September 30, 2014. Retrieved June 2, 2020.
  11. ↑ "Farm Boy to open in the Rideau Centre". Ottawa. July 17, 2017. Retrieved July 19, 2017.
  12. ↑ "Sobeys owner Empire to acquire Farm Boy in $800 million deal". Financial Post. September 24, 2018. Retrieved September 27, 2018.
  13. 1 2 3 Jackson, Emily (September 24, 2018). "'We will not screw this up': Sobeys parent to buy beloved Farm Boy in $800M deal". Financial Post. Retrieved September 27, 2018.
  14. ↑ "Ottawa's beloved Farm Boy stores to be sold to owner of Sobeys grocery chain". Ottawa. September 24, 2018. Retrieved September 24, 2018.
  15. ↑ "Sobeys parent company to acquire Farm Boy in $800M deal". City News Toronto. September 24, 2018. Retrieved September 24, 2018.
  16. ↑ "Farm Boy Future Stores". Farm Boy. June 29, 2021.
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