Empire Company

Rank#2492

Market Cap7.53B

CountryCanada

Summary

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,600 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and approximately 350 retail fuel locations, as well as operates grocery e-commerce stores under the banners, such as Voilà, Grocery Gateway, IGA.net, and ThriftyFoods.com. It also owns interest in the Crombie Real Estate Investment Trust, an open-ended real estate investment trust to own, operate, and develop a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores, and mixed-use developments; and various equity accounted interests in Genstar partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. The company was founded in 1907 and is headquartered in Stellarton, Canada.

History

Empire was founded by Sydney A. Cox who leveraged the savings of himself and a group of 25 local investors to acquire his first two grocery stores in New Glasgow, Nova Scotia. In the decades that followed, Empire steadily expanded acorss the Maritime provinces and Quebecs, eventually entreing the Ontario market in 1965 and launching the Dominion banner in 1968. After multiple acquisitions, the company rebranded in 1997 as Sobeys Inc. in 1997 and became 100% owned by the Cox family.

Mission

Buy, Sell & Invest In Online Businesses

Vision

Our vision is to be an industry leader by setting a higher standard for performance, coordination, and innovation.

References

https://en.wikipedia.org/wiki/Empire_Company

https://in.investing.com/equities/empire-company-ltd

https://finance.yahoo.com/quote/EMP-A.TO/profile?p=EMP-A.TO

https://www.comparably.com/companies/empire-flippers/mission

https://www.crunchbase.com/organization/empire-co

https://companiesmarketcap.com/

https://www.empireco.ca