Oshawa Group's Wolfe family at crossroads

Article Abstract:

Oshawa Group Ltd., a Toronto, Ontario-based food retailer, is offered to be acquired by Empire Company Ltd. of Stellarton, Nova Scotia. The acquisition offer comes as the long-time family-owned food business is showing tepid performance in the competitive grocery industry. Empire is offering to purchase the Wolfe family's controlling block of common shares in Oshawa. If the Wolfe family decides to accept the offer, it would mean giving up the almost 90-year-old family business. Another evidence of change is that Oshawa's board passed over Jonathan Wolfe, president and chief operating officer of Oshawa, for the position of chief executive officer. The board is looking for an outsider to give the company new life.

Comment:

Seeks to acquire Oshawa Group Ltd from the Wolfe family by taking their controlling block of common shares

Asset sales & divestitures, Acquisitions & mergers, Ontario, Nova Scotia, Empire Company Ltd.

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Heller leads Zellers to a new retailing style

Article Abstract:

Zellers Inc.'s president, George Heller, has expressed plans to adopt a new fashionable strategy in an effort to compete more effectively against rivals in the retail market. The firm intends to spearhead renovations of existing stores and locations to reflect a more stylish and fashionable retail environment. The move is part of the efforts of the company to differentiate its products and services from those offered by its competitors. The strategy is a marked departure from the firm's previous battle plan of engaging into price wars with rivals.

Comment:

Its president, George Heller, to adopt new fashionable strategy in an effort to compete more effectively against rivals

All Other Specialty Food Stores, Variety Stores, Zellers Inc.

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Shakeup at Oshawa Group

Article Abstract:

Oshawa Group Ltd., which owns and franchises supermarkets across Canada, announced that its chief executive and president are moving out from the Toronto, Canada-based grocer and food distributor. Chief Executive Allister Graham is retiring while the firm's president and chief operating officer Jonathan Wolfe, a member of the company's founding family, is resigning. Oshawa's announcement surprised company watchers and inflamed speculation that in-fighting in the Wolfe family was behind the move.

Comment:

Announces that its chief executive and president are moving out from co

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