Sobeys splits up its grocery businesses

Some analysts may wonder what Sobeys is doing as it announces that it will split the grocery chain into two business units, IGA Operations and Multi-Format Operations. Part of the speculation will flow from the brevity of the statement. The IGA Operations business unit includes the banners IGA and IGA Extra, Les Marches Tradition, Marche Bonichoix, and Rachelle-Bery in Quebec. They will continue to be led by Marc Poulin. The Multi-Format Operations business unit includes the banners Sobeys, Thrifty Foods, Sobeys Urban Fresh, Foodland, IGA stores in Western Canada, FreshCo, Needs, Fast Fuel and Sobeys’ liquor operations.