Loblaws Buys T&T Supermarkets

[Parsad]

For our Canadian investors that are familiar with Loblaws grocery stores, they have purchased Asian foods supermarket chain T&T for $212M.  It will be run as a seperate division.  I believe the younger Weston has done a terrific job taking over for his father (including building his own public profile), along with current management.  This is another smart move for them.  Cheers!

 

http://www.globeinvestor.com/servlet/story/RTGAM.20090724.wloblaw0724/GIStory/