Michael Medline on Farm Boy purchase

Sobeys president and CEO Michael Medline says the company won’t repeat the mistakes it made with its 2013 purchase of Safeway as it prepares to take over the Ontario Farm Boy grocery chain.

In a video interview with Bloomberg, Medline promises Sobeys won’t ‘mess with the secret sauce’ that has made Farm Boy so successful.

The $800 million purchase is expected to close next year.

Watch the full interview here.

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