Loblaw purchases Middle Eastern Food Co.

May 8, 2014, Toronto – Loblaw Companies
Limited has purchased Arz Fine Foods, an established Middle Eastern grocery
retailer in Toronto. Arz Group Limited will operate as a unique operating
division of Loblaw.

May 8, 2014, Toronto – Loblaw Companies
Limited has purchased Arz Fine Foods, an established Middle Eastern grocery
retailer in Toronto. Arz Group Limited will operate as a unique operating
division of Loblaw.

“This key partnership holds great promise
as Canada’s Middle Eastern population and the Canadian taste for Middle Eastern
food continues to grow,” said Vicente Trius, president, Loblaw Companies
Limited, in a news release. “Arz Fine Foods is a trusted Middle Eastern
supermarket with strong product expertise. The combination of Arz Fine Foods
and Loblaw will follow the same approach used with our T&T business, which
introduced ethnic expertise and products into our broader business in a very
authentic way.” 

Founded in 1989 by the Boyadjian family,
Arz Fine Foods began as a specialty bakery and has since grown to include deli,
fresh produce, halal meat, groceries and ready-to-eat foods. The business also
includes a 10,000-square-foot retail store, commercial bakery, food commissary
and distribution centre.

“This is a tremendous partnership for our
family and our business,” said Armand Boyadjian, co-founder, in the release. “This
acquisition recognizes the commitment of our employees to become a leader in
our field. With Loblaw, we will continue to maintain our authenticity and
enhance our customer experience and reach. This is a great opportunity to share
our passion and products with even more Canadians.”

Select Real Canadian Superstore and Loblaws
stores located in the Great Toronto Area currently carry Arz Fine Foods brand
Baklava and there are plans to provide customers across the country with an
expanded selection of its specialty products in the coming months.