December 20, 2017

Loblaws got caught price fixing. They are offering $25 gift cards. Here's the link and article:

https://www.theglobeandmail.com/report-on-business/how-to-receive-a-25-loblaw-card-after-bread-price-fixing-arrangement/article37392332/

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.

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Link to register for the card: https://www.loblawcard.ca