Loblaw, Sobeys owners ordered to hand over info in Competition Bureau probe

The competition commissioner applied in Federal Court in May to order Empire Cos. Ltd. and George Weston Ltd. to hand over records about real estate holdings, lease agreements, customer data and other records.

Empire previously pushed back against the investigation, saying in a separate court application that the probe gives the commissioner “the appearance of a lack of independence.” It denied that property controls are anticompetitive. In May, the Competition Bureau said it had filed a motion to strike Empire’s application for judicial review.Loblaws’s parent company is co-operating with the bureau’s review, spokeswoman Catherine Thomas said in May on behalf of George Weston Ltd.

Through a subsidiary, Empire holds a 41.5 per cent interest in Crombie Real Estate Investment Trust, while George Weston has a controlling ownership interest of 61.7 per cent in Choice Properties Real Estate Investment Trust.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Competition Bureau obtains court orders in investigation into Loblaw, Sobeys ownersThe bureau is investigating the use of property controls in the grocery sector, which are clauses in lease agreements that restrict other potential tenants and their activities
Source: globebusiness - 🏆 31. / 66 Read more »