Roynat Equity Partners and St-Méthode Bakery (BSM) have signed an agreement under which BSM regains control of the ownership interest acquired by Roynat in 2014.  ''This was an excellent opportunity and the opportune moment for us to invest in a flagship company in Quebec," said Catherine Parent, Director for Roynat Equity Partners. "Over the last four years, we have given our point of view on growth strategies, risk management and succession planning.

“The first important message is that we’re very comfortable with our sales and tonnage performance in the quarter,” said Loblaw CEO Galen Weston, when asked about rising food prices and the rate of inflation, during a call with analysts Wednesday morning to discuss the company’s third-quarter earnings. For months, the Brampton, Ont.

The 2018 U.S. Online Grocery Shopper Study  found about half of online shoppers plan to purchase grocery items more often in the coming year. The study, performed by the Retail Feedback Group (RFG), also rated overall satisfaction when ordering food and grocery items online, with Amazon ranking the highest (4.70 on a five-point scale where five is highest), followed by Walmart (4.54) and Supermarkets/Food Stores (4.36).

Tim Hortons launched its first kids’ menu across Canada on Wednesday, an apparent attempt to claw families away from competitors such as McDonalds as the coffee behemoth works to rehabilitate its image. The new menu of grilled cheese sandwiches, chicken strips and cream-cheese chicken wraps is part of a series of promised food innovations and comes as the brand starts to recuperate after a protracted battle with discontented franchisees.

Blue Apron will reduce its workforce by 4 percent as it aims to become profitable in 2019, the meal kit company announced Tuesday. In a release outlining the company's strategic goals for profitability, it said the reduction is aimed at "streamlining personnel to create a more agile and focused organization." It will spend $1.6 million in the fourth quarter on severance charges and other exit costs. The company estimates it will save $16 million in 2019.

Loblaw Companies Ltd. reported its third-quarter profit fell compared with a year ago as it was hit by a one-time charge related to a tax court ruling that it plans to appeal. The retailer says it earned a profit attributable to common shareholders of $106 million or 28 cents per share for the quarter ended Oct. 6. The quarter included a $367-million charge related to its former Barbadian banking subsidiary Glenhuron Bank Ltd.

High Liner Foods Inc. yesterday reported a disappointing financial report for its third quarter, and consequently to cut costs the company said it has let go of 14 per cent of its salaried employees and will be employing five critical initiatives designed to drive cost savings, enhance the efficiency of the business and return the company to profitable organic growth by 2020. Key financial results, reported in U.S.

Freshii Inc. has withdrawn its fiscal 2019 outlook after widely missing analyst third-quarter forecasts. Shares plunged as much as 50 per cent Thursday and were trading down 27 per cent by mid-morning. The company says it is rescinding next year’s guidance due to challenges the Toronto-based restaurant chain is experiencing in achieving its forecasted store growth, sales, expenses and earnings. The company, which reports in U.S.

Lassonde Industries Inc. posted sales of $418.6 million in the third quarter of 2018. Excluding the $28.9 million in sales by Old Orchard Brands, LLC and a $9.5 million favourable foreign exchange impact, sales were up 2.9% year over year. Profit attributable to the Company's shareholders totalled $18.0 million. Excluding the impacts of the OOB acquisition, the 2018 third-quarter profit attributable to the Company's shareholders would have been $19.

American snack company, Hostess Brands, reported strong net revenue growth during its third quarter, driven by its acquisition of Cloverhill’s breakfast items earlier this year. Hostess Brands noted that its net revenue increased 9.7% to $211mn, with around $18.mn coming from the acquisition. Andy Callaghan, President and Chief Executive Officer of the company, said that the transformation of the Cloverhill business is progressing as planned and that it will be “an important growth...

St-Laurent Japanese-ish restaurant Big in Japan appears to have disappeared from the map, a few weeks after another eatery belonging to the same owner, Banh Mi Queen, also folded.  Eater reported that closure in October, noting that Big in Japan, located right next door, was closed but with signs in the window indicating that it was a temporary shutter. That’s no longer the case, it seems — Le Journal de Montréal reports that the restaurant is officially done, and not coming back.