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Empire Co.

Sobeys promotes pharmacy chief Vivek Sood to bigger role

STELLARTON, Nova Scotia — Vivek Sood, pharmacy chief at Sobeys Inc., has been appointed executive vice president of related businesses at the Canadian food and drug retailer’s parent, Empire Co. In his new role, Sood will oversee the company’s pharmacy, wholesale, fuel, convenience and liquor businesses and report to Michael Medline, president and chief executive

Michael Medline becomes new CEO for Sobeys

Michael Medline becomes new CEO for Sobeys

STELLARTON, Nova Scotia — Michael Medline has joined Empire Co. and its food and drug retail subsidiary Sobeys Inc. as president and chief executive officer. Empire said the appointment of Medline, who also joins its board of directors, is effective immediately. He takes the reins from François Vimard, who has served as interim CEO since last summer

Poulin steps down as CEO at Sobeys

STELLARTON, Nova Scotia — Marc Poulin has resigned as president and chief executive officer of Sobeys Inc. and the Canadian grocery chain’s parent company, Empire Co. His departure, announced by Empire’s board, came just days after Empire reported a $2.13 billion (Canadian) net loss for its 2016 financial year. The setback was mainly attributed to

Chief executive of Sobeys steps down

Chief executive of Sobeys steps down

STELLARTON, Nova Scotia  — Marc Poulin has left his posts as president and chief executive officer of Sobeys Inc. and the Canadian food and drug retailer’s parent company, Empire Co. His sudden departure, announced by Empire’s board on Friday, comes just over a week after Empire reported a $2.13 billion net loss for its 2016

More M&As expected to shake up retail Rx

More M&As expected to shake up retail Rx

NEW YORK — As much as the chain drug industry has consolidated, there is room for more mergers and acquisitions. That’s evident from the M&A speculation swirling about the sector in the U.S. and Canada, as well as recent activity. Lending credibility to the speculation is none other than Walgreens Boots Alliance (WBA) chief executive