Empire Company

Empire Company logo (2022)

Empire Company Limited is a Canadian conglomerate engaged primarily in food retailing and related real estate. The company is headquartered in Stellarton, Nova Scotia. Empire Company is publicly traded on the Toronto Stock Exchange under the ticker symbol "EMP.A".

History

Empire Company was founded in 1963 by Frank H. Sobey as a holding company for the Sobey family's business interests. The company initially focused on food retailing through its subsidiary, Sobeys Inc., which is one of the largest food retailers in Canada. Over the years, Empire Company has expanded its operations through acquisitions and strategic investments.

Operations

Empire Company's primary business is food retailing, which it conducts through its subsidiary, Sobeys Inc.. Sobeys operates a network of supermarkets, grocery stores, and other retail formats across Canada. The company also has interests in real estate through its subsidiary, Crombie REIT, which owns and manages a portfolio of commercial properties.

Food Retailing

Empire Company's food retailing operations are conducted through Sobeys Inc., which operates under various banners including Sobeys, Safeway, IGA, Foodland, FreshCo, and Thrifty Foods. The company offers a wide range of products including groceries, fresh produce, meat, dairy, and bakery items.

Real Estate

Empire Company has significant real estate holdings through its subsidiary, Crombie REIT. Crombie REIT owns and manages a diverse portfolio of commercial properties, including shopping centers, office buildings, and mixed-use developments. The real estate operations provide a stable source of income and support the company's retail operations.

Corporate Governance

Empire Company is governed by a Board of Directors, which is responsible for overseeing the company's management and ensuring that it operates in the best interests of its shareholders. The company's executive team is led by the President and CEO, who is responsible for the day-to-day operations of the company.

Financial Performance

Empire Company has consistently reported strong financial performance, driven by its food retailing and real estate operations. The company generates significant revenue and profit from its extensive network of retail stores and its real estate holdings.

Community Involvement

Empire Company is committed to giving back to the communities in which it operates. The company supports various charitable initiatives and community programs through donations and volunteer efforts. Sobeys Inc. also promotes sustainability and environmental responsibility through various initiatives aimed at reducing waste and promoting energy efficiency.

See Also

• Sobeys Inc.
• Crombie REIT
• Frank H. Sobey
• Toronto Stock Exchange
• Stellarton, Nova Scotia

External Links

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