- Empire Company Ltd. plans to spend $2.1 billion over the next three years on building and renovating stores, expanding its e-commerce offering and growing its private label portfolio as it drives to add $500 million in annualized earnings. “Empire now has the team, the structure and the vision to achieve its sales and earnings potential,” said Michael Medline, CEO, in a statement. Empire partnered with British firm Ocado to build four robotics fulfilment centres in Canada. Article Continued BelowEmpire will “accelerate” plans for the two remaining fulfilment centres in Western Canada. Empire will add about 20 new Farm Boy locations in Ontario and convert between 30 and 35 conventional stores in Western Canada to FreshCo.

Source: thestar July 22, 2020 14:17 UTC