Loblaw CEO expresses optimism over grocery code of conduct agreement, despite being a holdout.
Loblaw CEO expresses "cautious optimism" over grocery code of conduct agreement. Loblaw, along with Walmart Canada, has been one of two major holdouts on the industry-led and voluntary code intended to promote fair dealings in the grocery industry. The company has been working closely with the committee creating the code, and while the government has indicated it may make the code law if major players don't agree, Loblaw has reported first-quarter profit and revenue increases, with net earnings available to common shareholders up 9.8% and a 15% increase in its quarterly dividend.
May 01, 2024
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