17:41:21 EDT Fri 09 May 2025
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USA
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Andrew Peller Ltd
Symbol ADW
Shares Issued 35,244,165
Close 2024-07-10 C$ 3.97
Market Cap C$ 139,919,335
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Globe says Corby, rivals see strike crimp supply chain

2024-07-10 07:44 ET - In the News

See In the News (C-CSW) Corby Spirit and Wine Ltd

The Globe and Mail reports in its Wednesday edition that the strike involving over 9,000 employees of the Liquor Control Board of Ontario has caused disruption in the supply chain for alcoholic beverages in the province. The Globe's Susan Krashinsky Robertson writes that import agents are seeking clarity on the status of shipments, while restaurants and bars are facing challenges in maintaining stock levels. On Monday, the LCBO sent a memo to shipping companies instructing them to hold cargo already received at warehouses and to pause activities such as bookings of shipping vessels until further notice. Last Friday, LCBO workers represented by the Ontario Public Service Employees Union went on strike, causing 669 stores to close. The union opposes the Ontario government's plan to greatly expand sales of ready-to-drink, spirit-based beverages in convenience stores later this summer. Union leaders have stated that wider privatization of alcohol sales would threaten the LCBO's viability as a retailer. They are also advocating for improved job security, working conditions and greater access to benefits, among other issues. The LCBO is still the importer of record for those products coming from outside of Ontario.

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