October 8, 2019

Metro acquires majority stake in readytocook meal service MissFresh

MONTREAL — Grocery store retailer Metro Inc. (TSX:MRU) has signed a deal to acquire a majority interest in ready-to-cook meal delivery service MissFresh Inc.Financial terms of the agreement were not immediately available.MissFresh was started in Montreal in 2015 by Marie-Eve Prevost, Bernard Prevost and Ritter Huang.Metro says MissFresh’s three co-founders will retain a 30 per cent stake and continue to take an active part in the company’s management.

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October 8, 2019

WatchLoblaws 25 gift card terms in breadprice fixing offer not misleading judge

TORONTO — An Ontario judge has ruled that it’s too early to determine the enforceability of Loblaw Companies Ltd.’s policy that consumers who receive a $25 gift card from the company waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit.Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw’s gift card plan.The company announced Monday that registrants must agree to a release saying they discharge Loblaw, its parent company George Weston and others from relief to the extent of $25 in connection with their involvement in an alleged bread price-fixing arrangement from Jan. 1, 2002 to March 1, 2015.Loblaw sets restrictions on $25 gift card offer for its role in bread price-fixing scheme‘Unacceptable’: Loblaw, George Weston face backlash over response to bread price-fixing schemeMorgan said in his ruling that he’s not in a position to know what, if any, an eventual settlement will entail, so it’s too soon to declare the release enforceable or not.Loblaw spokesman Kevin Groh says the “ruling puts to rest the nonsensical claim by class-action lawyers that our $25 Loblaw Card is misleading and confusing,” when the company is trying to put money in affected consumers’ hands quickly.The law firm which brought the action in front of the court, Strosberg Sasso Sutts LLP, says the ruling is a victory for consumers as Loblaw will not be able to deduct the gift card value from any future settlement pay out “unless it demonstrates that it is fair to consumers as part of an overall resolution of their price-fixing claims.” read more

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