BRAMPTON, Ont. — Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott againstthe company gains steam online.
President and CEO Per Bank said there’s a lot of misinformation online about Loblaw, and reiterated the company is not responsible for higher food prices. Inflation is a global issue, he added.“Let me assure you that in every corner of the business, our colleagues are working hard to reduce costs and do things more efficiently.
The boycott is an example of “misguided criticism,” said Weston. He said allegations of profiteering by the grocers are untrue. “There's a group of people who have been relentlessly propagating a narrative that they know is false. And it is now being used to justify theft on a grand scale,” said Weston.In his comments, Weston referenced an earlier demand from the boycotters that the company lower prices by 15 per cent, though boycott organizers have since rescinded their original demands and posted new ones on Reddit that include signing a grocery code of conduct and committing to affordable pricing.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices'Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott beginsBRAMPTON, Ont. — Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott beginsLoblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott against the company gains steam online.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Galen Weston-owned developer to replace Toronto supermarket with condosA substantial condominium development could soon replace a grocery store next to Woodbine subway station in Toronto, including a tower now planned ...
Source: blogTO - 🏆 44. / 63 Read more »
Loblaw leaders push back on 'misguided criticism' of grocer as boycott beginsLoblaw's new chief executive, as well as chairman Galen Weston, pushed back on what they called 'misguided criticism' of the grocer as a push to boycott the company gains steam online.
Source: CTVNews - 🏆 1. / 99 Read more »
Loblaw leaders push back on 'misguided criticism' of grocer as boycott beginsLoblaw’s new chief executive, as well as chairman Galen Weston, pushed back on what they called “misguided criticism” of the grocer as a push to boycott the company gains steam online.
Source: BNNBloomberg - 🏆 83. / 50 Read more »