Loblaw says it would join with grocery industry in ending property controls

Spokeswoman Catherine Thomas says Loblaw is willing to stop using the covenants, which are terms baked into commercial leases that put restrictions on other tenants and their activities.The Competition Bureau is currently investigating Loblaw and Sobeys’ use of property controls in the grocery sector, and has said these controls are hampering competition.

The bureau revealed its investigation in February, with deputy commissioner Anthony Durocher saying property controls can be a barrier both for independent grocery stores and larger chains, as well as for foreign grocers looking to enter the country. Thomas says property controls have been around for decades as a way of incentivizing development, but they may also reduce options for consumers.Rosa Saba, The Canadian Press

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Loblaw says it would join with grocery industry in ending property controlsCanada’s biggest grocer says it wants to eliminate commercial property controls in the grocery industry.
Source: SooToday - 🏆 8. / 85 Read more »

Controversy-stricken Loblaw ranks among most responsible Canadian companiesLoblaw has been named one of the most responsible companies in Canada for 2025, despite a year of backlash and controversies. Newsweek revealed its f…
Source: blogTO - 🏆 44. / 63 Read more »

Competition Bureau seeking input on property controls in Canadian grocery industryThe regulator is seeking input from those in the sector about the restrictions in the industry as a whole and as part of its ongoing investigations into Sobeys and Loblaw
Source: globebusiness - 🏆 31. / 66 Read more »