https://globalnews.ca/news/3926527/l...-price-fixing/
Loblaw Companies Ltd. is offering customers a $25 gift card as a goodwill gesture after admitting the company participated in an industry-wide bread price-fixing arrangement.
“This conduct should never have happened,” said Galen G. Weston, CEO, during a conference call with analysts Tuesday.
“The gift card is a direct acknowledgment of that to our customers. We hope that they’ll see it as a meaningful amount that demonstrates our commitment to keeping their trust and confidence,” he said in response to how the company arrived at the card’s $25 value.
Loblaw and George Weston Ltd. revealed Tuesday that they participated in an industry-wide bread price-fixing arrangement from late 2001 to March 2015, but tipped off Canada’s competition watchdog and will receive immunity in the ensuing investigation.
Customers can visit LoblawCard.ca and enter their email address to be notified once registration opens.