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標題: Loblaw Buying Canada's Biggest Asian Grocery Chain, T And T [打印本頁]

作者: 吳孟達 時間: 2009-7-24 10:03 標題: Loblaw Buying Canada's Biggest Asian Grocery Chain, T And T

http://www.citynews.ca/news/news_36125.aspx

The largest Asian grocery chain in Canada is no more, as Loblaw completed its purchase of T&T Supermarkets.

The deal is worth $225 million, with Loblaw Companies Ltd handing over $191 million in cash for the stores.

The rest will be funded through preferred shares, tied to the future performance of the business.

T&T has a total of 17 locations across the country and five of them are in Toronto. There are others in British Columbia, Alberta, and elsewhere in Ontario.

The deal is expected to close by the end of the year, subject to consents and regulatory approvals.

Last year, T&T boasted sales of about $514 million.

作者: Catpiano 時間: 2009-7-24 10:15

Yeah ... more and more mainlanders coming .. more and more business ..

作者: B2L2 時間: 2009-7-24 10:26

Will we have all the Loblaw's discount soon in BC?

作者: yoursecret 時間: 2009-7-24 10:58

I guess T&T isn't making money?

作者: ACC-HE 時間: 2009-7-24 10:59

shocking bor.

作者: news 時間: 2009-7-24 11:14

the chinese superstore yay!

作者: pkphilip 時間: 2009-7-24 11:30

本帖最後由 pkphilip 於 2009-7-24 12:35 編輯

With this new acquisition, Loblaws will be gaining quite a bit of market share in the grocery retailer within the West Coast. It successfully targeted to both the westerner with SuperStore and Asians with T&T.

Many may not know that Galen Weston is a relative young CEO; there was an "earthquake" couple years back where Loblaws got rid of quite a bit of older management who refuses to change. You just have to see how much Superstore (Weston Foods) had changed as soon as Galen took the CEO position.

We can all earn PC points in T&T and run PayPass at checkout, what a better deal... will they still charge for bags? lol

Philip

作者: shutterbug 時間: 2009-7-24 11:33

That's too bad...no more Chinese owned big supermarket! Sigh...

If you can't beat it, just BUT it! LOL

作者: Lik 時間: 2009-7-24 12:59

I guess T&T isn't making money?
yoursecret 發表於 2009-7-24 10:58

This is a pure guess with little factual evidence to support the claim, but I seriously doubt that T&T isn't making money.

Despite heavy competition in the market (esp in Richmond), I'd say T&T is likely doing quite well. They have supermarkets throughout the Lower Mainland, stores in Calgary and Edmonton, and have expanded into Ontario with numerous stores as well. Foot traffic is always heavy at a lot of their stores as well, and they have diversified into a wide range of products (including ready-made hot and cold food, pastries, etc.)

If I have to make a guess, I would say that the reasons for the sale is because of a combination of global economy outlook, expenditure incurred during T&T's expansion into the East, and stiffer competition from all over the place. The recession is making the business more challenging to run, as is the more competitive market. From the Ontario expansion, they must have build up a decent amount of debt as well. Even though the whole chain is still making money, it might be less worrisome / risky for the ex-owner to just take Loblaws $200M and call it a day.

Overall, I would say it was simply a smart business decision to reap your profits while it's there and gracefully bow out from the market.

-Lik

作者: zoids 時間: 2009-7-24 14:14

I am actually surprised how cheap T&T got sold for..... man, that is a steal!

作者: zoids 時間: 2009-7-24 14:22

Will we have all the Loblaw's discount soon in BC?
B2L2 發表於 2009-7-24 11:26

You should already have Loblaw's discount in BC long time ago..... you can get discount at all superstore and the whole sale club on kingsway, and even the Extra Foods at Champlain Mall. But the 10% discount does not apply to dairy and some electronics.

作者: zoids 時間: 2009-7-24 14:23

Oh, forget to tell you that Loblaw discount is not applicable at No Frills in DT, or other Extra Foods because those are franchised.

作者: ravemother 時間: 2009-7-24 16:37

本帖最後由 ravemother 於 2009-7-24 16:38 編輯

加拿大华人社区二十四日热议一宗商业收购案，被收购主角是华裔移民耳熟能详的“生活伴侣”——“大统华”超市。 www.6park.com

　　也许是“保密工作”作得好，消息从加拿大东部多伦多传到“大统华”总部所在地温哥华时，当地不少媒体人仍大呼意外。大家或打开电视或上网查阅，从英文媒体那里获得确认的报道。 www.6park.com

　　加拿大国家电视台“CBC”和《多伦多星报》等传媒报道称，本国最大的超市连锁集团“Loblaw” 今天宣布，以二点二五亿加元的价格收购著名华人超市“大统华”，其中一点九一亿元是支付现金，其余用“Loblaw”集团股票支付。“Loblaw”集团主席韦斯顿“非常满意”这次收购行动，认为“大统华”拥有极富才华的管理团队和雇员，是加拿大发展最佳的亚洲超市连锁集团，对于“Loblaw”进一步加强多元化产品服务大有益处。 www.6park.com

　　尽管还未公开向华文媒体发表讲话，“大统华”超市集团首席行政官李罗昌钰已通过英文传媒发表声明说，“大统华”一向被认为是亚洲超市中的“Loblaw”，现在这个称号终于变成现实，我们深感自豪。 www.6park.com

　　创立于一九九三年的“大统华”，对加拿大华裔移民来说，几乎到了“谁人不识君”的程度。其发家始于加国西岸的温哥华，至今已在加西加东几个省开设十七家连锁店，拥有四个大型配货中心。许多华裔移民还有“大统华”情结，原因是十几年来无数新移民在这家超市打过工，积累过“加拿大经验”。如今，“大统华”及其相关企业共有员工超过四千人，是加拿大目前雇佣工人最多的亚裔企业。 www.6park.com

　　此间华社人士认为，“大统华”收购案是近年来加拿大最大的涉及华人企业收购行动，交易金额和影响范围较大，其未来的经营策略值得关注，而东西文化在企业管理中的互动也将是个观察点。据悉，“Loblaw”对“大统华”的收购将于年底前完成，“大统华”现有管理团队将基本保持稳定。(完)

作者: Littleprince 時間: 2009-7-24 16:48

唉。。。我情願有兢爭

作者: pkphilip 時間: 2009-7-24 23:00

Since T&T will become one of the daughter companies under Loblaws, there should not be major changes in operations. In fact, this is something Loblaws is good at, running each company the way it is, without interferring each other.

At least the staff of T&T will be happy for is that they will be unionized and get much higher pay than now.

Philip

作者: yoursecret 時間: 2009-7-25 01:11

http://www.montrealgazette.com/Loblaws+buys+Supermarket+shares/1824941/story.html

"T&T, with Loblaw's backing, plans rapid growth serving Asian families across Canada, said CEO Cindy Lee."

That's one reason to sell I suppose, lacking capital for rapid expansion, maybe something to do the recession.

作者: peter236 時間: 2009-7-25 01:38

本帖最後由 peter236 於 2009-7-25 02:39 編輯

http://www.montrealgazette.com/Loblaws+buys+Supermarket+shares/1824941/story.html

"T&T, with Loblaw's backing, plans rapid growth serving Asian families across Canada, said CEO Cindy Lee."

That's on ...
yoursecret 發表於 2009-7-25 02:11

You moron, T an T is very profitable. The Chinese market spends a lot of money at the supermarket.

作者: yoursecret 時間: 2009-7-25 02:12

17# peter236

Profitable enough to expand all over Canada in a few years? ...guess not.
"You moron" why get personal?

作者: zoids 時間: 2009-7-25 05:17

17# peter236

Profitable enough to expand all over Canada in a few years? ...guess not.
"You moron" why get personal?
yoursecret 發表於 2009-7-25 03:12

It's just Peter236 having his brainfart again. No one cares anymore.

作者: tiffiant 時間: 2009-7-25 10:36

what would be T&T like
another western superstore?

作者: rs1985 時間: 2009-7-26 06:07

seriously
why so serious and call people moron ?
ya
i think the management for T and T won't change and the boss of T and T now might get a good salary down the road (no risk on his part, if the expansion fail, he still get to keep his money, if it works, boost to his reputation, why not?) Risking other's money is way better than risking your own, and when you get pay for it, is a bonus
if my thoery is true
hahaa

作者: tiffiant 時間: 2009-7-26 09:58

its hard to say
some say you have a good future
some say you will get laid off

作者: Lik 時間: 2009-7-26 10:24

At least the staff of T&T will be happy for is that they will be unionized and get much higher pay than now.
pkphilip 發表於 2009-7-24 23:00

I didn't know SuperStore staff are all unionized.

If T&T staff gets to organize as well, is there any guarantee that salaries would rise quickly/immediately to similar levels with SuperStore? Granted, I seem to recall that SuperStore staff aren't paid that much either (at least in comparison to several other chains), but if T&T staff receive their pay increases, how can at least one of the following things not happen?

1) T&T will have to increase prices to make up for the higher salaries
2) T&T's business will become unprofitable for Loblaws

-Lik

作者: rockypath 時間: 2009-7-26 14:54

The purchase price of T&T is on the low side in my opinion. Just continue to wait and see whether there will be more information about this deal.

作者: zoids 時間: 2009-7-26 15:18

I didn't know SuperStore staff are all unionized.

If T&T staff gets to organize as well, is there any guarantee that salaries would rise quickly/immediately to similar levels with SuperStore? Grante ...
Lik 發表於 2009-7-26 11:24

No, I doubt T&T staffs will get any raise... in the announcement, it is clearly stated T&T will operate as totally individual entity on themselves so unless some T&T staffs got hooked up with one of the union, it ain't just going to happen because different entity under Loblaws has different union..... e.g. the union for Extra Foods is different from the union for Superstore

Another reason is these days Superstore don't hire full time people anymore possibly due to the bad terms they have with previous negotiation, staffs who has worked in Superstore for over long period actually got all the good pay and good shift. It is the new comer that got screw over but nothing can be helped due to union. Just some information here..... a maxed out normal staffs actually earn more than department supervisor in Superstore except they don't have bonus, and they actually get paid hourly not salary and can earn double on stat days!!!

作者: tiffiant 時間: 2009-7-26 15:54

is T&T in financial crisis?

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