19:35:25 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Metro Inc
Symbol MRU
Shares Issued 228,328,710
Close 2023-12-21 C$ 66.57
Market Cap C$ 15,199,842,225
Recent Sedar Documents

Post/CP say Metro, Loblaw have bun fight over bread

2023-12-22 09:49 ET - In the News

Also In the News (C-L) Loblaw Companies Ltd

The Financial Post reports in its Friday edition that Metro is accusing Loblaw and its parent company George Weston of conspiring to implicate them in an alleged bread price-fixing scheme. A Canadian Press dispatch to the Post says that in new court documents, the Montreal-based grocer denies being involved in bread price-fixing and accuses the companies of trying to spread the blame across the industry and avoid public perception that Loblaw was the sole retailer involved in price-fixing. "Metro has suffered, and continues to suffer, significant and unjustifiable damage to its reputation, having been falsely painted as involved in a criminal price-fixing conspiracy when it was not," the retailer said. Metro submitted a statement of defence and cross-claim to the Ontario Superior Court on Monday, regarding a class-action lawsuit on behalf of all Canadian residents who bought bread after Nov. 1, 2001, except for Quebec residents. Its cross-claim also implicates former George Weston subsidiaries Weston Foods (Canada) Inc. and Weston Bakeries Ltd. Loblaw spokeswoman Catherine Thomas said in a statement that the allegations by Metro are "simply ridiculous and utterly untrue, as will be made clear in court."

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