retail news in context, analysis with attitude

• The Toronto Globe and Mail reports that there is widespread speculation in Canada that Loblaw Cos. is about to be taken private, with parent company George Weston preparing to buy out minority investors. There have been reports that Weston is looking to sell its US bakery operations to a Mexican food company, Grupo Bimbo, and will use the proceeds to at least partially fund the privatization.

• The Pittsburgh Business Times reports that Giant Eagle has debuted a new store concept, Valu King, positioned as a discount food store featuring Giant Eagle’s Valu Time private label. The story notes that “it isn’t tied in to the main Giant Eagle brand, and it has no gas pumps and no advantage card incentive program.”
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