Empire Co. Ltd. CEO Michael Medline stated that a grocery code of conduct would not increase food prices for Canadians . He expressed his support for the code at a Retail Council of Canada event in Toronto. Medline hopes that the code will lead to lower food prices in the future, but acknowledges that it won't solve all price-related issues. Loblaw and Walmart have not signed the code, causing a delay in its completion.
Proponents believe that the code will create fairer negotiations between industry players
Empire Co. Ltd. CEO Michael Medline Grocery Code Of Conduct Food Prices Canadians Retail Council Of Canada Support Loblaw Walmart Delay Completion Negotiations Industry Players
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Sobeys CEO says grocery code of conduct won't raise food pricesEmpire Co. Ltd. chief executive Michael Medline said there's no evidence that a grocery code of conduct would raise food prices for Canadians. The president and CEO of Sobeys' parent company made the comment at a Retail Council of Canada event in Toronto on Tuesday. Medline said he wouldn't support a grocery code of conduct for his industry if he thought it would make retail prices higher. Last fall, Loblaw and Walmart said they wouldn't sign the code as currently drafted, stalling progress as the code neared completion. Proponents of the code say it will help level the playing field for suppliers and smaller grocery retailers.
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