Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


News and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Sobeys, Safeway and a $1.7-billion blunder: How not to handle M&A Add to ...

Subscribers Only

They will teach this one in business schools. A dominant East Coast grocer coughs up major dough to acquire a western rival. Hundreds of millions of dollars in synergies are promised. Bay Street falls in love with the potential.

And then, two years into the integration, the buyer unveils a stunning stumble.

Empire haunted by Safeway takeover as it swings to a massive quarterly loss (BNN Video)
Report Typo/Error

Follow on Twitter: @timkiladze

Next story


In the know

The Globe Recommends


Most popular videos »


More from The Globe and Mail

Most popular