Delegates to Atlantic Canada’s biggest co-operative have approved a proposal to divest its way out of the grocery and fuel business. Co-op Atlantic’s board of directors last month rolled out a proposal in which the organization would make a deal with Nova Scotia-based grocery giant Sobeys for the co-op’s food- and fuel-related wholesale and retail […] Read more
Co-op Atlantic members approve exit from food, gas
Co-op Atlantic seeks exit from grocery, fuel businesses
The board of Atlantic Canada’s biggest co-operative is planning its way out of the “increasingly competitive” grocery and fuel businesses. Co-op Atlantic said Saturday its board recommends members vote by a May 12 deadline in favour of the organization divesting its food and fuel wholesale assets. Co-op Atlantic is the overarching body for 128 co-ops […] Read more
In surprise move, Target to pull out of Canada
Toronto | Reuters — Target Corp. will abandon its ill-fated expansion into Canada less than two years after launch, the U.S. discount retailer said on Thursday, in a surprise retreat that will put more than 17,000 employees out of work and cost it billions. Shares of Target, which was granted creditor protection for its money-losing […] Read more
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