Market News

Metro to Drop A&P and Dominion Names

Metro Inc. announced that it will merge its five conventional food store banners in Ontario under the Metro name starting in September 2008. The launch of Metro in Ontario will be supported by a $200 million investment in upgraded store facilities, food offering and marketing to create the province's largest grocery banner with 158 stores. Over a 15-month period, all current Dominion, A&P, Loeb, The Barn and Ultra banners will be converted to the Metro name. The only banner not included in the change is Food Basics, which competes in the discount food segment.http://www.cbc.ca/consumer/story/2008/08/07/metro.html Source: Canadian E-Newsletter, August 8, 2008