TORONTO • Loblaw Cos. Ltd. is committed to staying in Bangladesh and will work to improve worker safety standards after a garment factory at which Joe Fresh clothing was made collapsed last week, executive chairman Galen G. Weston said Thursday.
Loblaw Cos. Ltd. had made renewed commitments to compensate the victims of a factory collapse in Bangladesh where its Joe Fresh garments were made.
Canada’s biggest grocery chain made the announcement on the six-month anniversary of the disaster, which killed more than 1,100 and injured 2,500.
“Loblaw will begin providing long-term, direct financial compensation for the victims and their families that were producing our apparel at the New Wave Style factory in Rana Plaza, in 2014,” said Loblaw spokesman Bob Chant.
TORONTO, Ont. — The founders of an Ontario frozen yogurt company are meeting today with Galen Weston Jr., the head of Canada’s largest supermarket chain after an emotional video about their business dealings with the grocery giant went viral.
Amanda House says she and her husband, Chris Delaney, will meet with Weston at the Loblaw head offices at noon Friday to talk about their company, YoPro Treats Inc.
The meeting was arranged after Loblaw became aware of a video the 35-year-old kinesiologist and personal trainer uploaded earlier this week to YouTube.
Google once again topped the list of the most influential brands in Canada in 2013, according to an annual ranking from Ipsos Reid.
While Google hit the No. 1 spot last year as well, only two of the ten biggest influencers were Canadian brands — Tim Hortons and President’s Choice.
“We did this in 16 different markets and in any given market there are two or three local brands that hit the top 10,” said Steve Levy, Chief Operating Officer at market research firm Ipsos Reid, which conducted the survey last month.
Loblaw Companies Ltd. executive chairman Galen Weston said Thursday he’s troubled by the “deafening silence” from many retailers in the wake of the collapse of a building in Bangladesh that housed one of the company’s suppliers and killed more than 400 people.
Loblaw’s Joe Fresh clothing was being made at the building that collapsed last Wednesday.
Weston said up to 30 companies had used the factory for manufacturing, but only two have spoken out since disaster.
The collapse of a garment factory in Bangladesh that killed almost 400 people was inevitable, given the management track records of countries like Bangladesh, according to Galen Weston, chairman of retail giant George Weston Limited, which owns Loblaws.
“It’s tragic. It’s tragic and it’s inevitable, I guess, in terms of the way things have been managed in some of these countries,” he said Monday.
Loblaw Cos.’ $12.4 billion purchase of Shoppers Drug Mart Corp. gives the Canadian grocer an edge over bigger U.S. rivals such as Wal-Mart Stores Inc. by adding downtown stores across the country.
The second-biggest grocery acquisition of the past decade will see Loblaw gain a drugstore chain with more than 1,240 small-format stores, many in inner cities. The downtown stores allow Loblaw to sell more groceries in the Shoppers’ drug stores, while adding more pharmacy items in its food outlets.
George Weston’s net earnings dropped significantly in Q4 of 2012. In the last 12 years the annual return of China’s Social Security Fund reached at 8.4%. Beijing Enlight Media Co announced its annual revenue for 2012 of 1.03 billion yuan or $165.5 million. German group IG Metall expects to reach a deal with GM’s Opel branch next week.