Bulk Barn in the Leaside Village has opened for business today. Bulk Barn sits facing the Longo’s across a driveway and is easy to find in its bright yellow dressing. Bulk Barn is frequently the source of speculation that it is owned by Loblaws. This appears to be not true but there may be an association. Shoppers will notice the No Name brand appearing at Bulk Barn. No Name is owned by Loblaws, so how does it get into Bulk Barn? Here is background from an informed source: “Bulk Barn is a privately held company controlled by the Ofield family of Richmond Hill (and Sarasota Florida). As a private company they don’t have to disclose or report much information. It seems they have a business relationship with Loblaws which may have included them licensing the No Name trademark from Loblaws but there does not appear to be an ownership relationship. If Loblaws owned more than 10% of Bulk Barn they would have to disclose this in various public company filings. It’s theoretically possible that one of the Westons personally could be one of Bulk Barn’s private shareholders but that seems unlikely. It’s also possible that in some cases Loblaws owns some of the Bulk Barn franchises but again, there’s no way to authoritatively know that.”Bulk Barn open in Leaside but who owns it?
by •
Bulk Barn in the Leaside Village has opened for business today. Bulk Barn sits facing the Longo’s across a driveway and is easy to find in its bright yellow dressing. Bulk Barn is frequently the source of speculation that it is owned by Loblaws. This appears to be not true but there may be an association. Shoppers will notice the No Name brand appearing at Bulk Barn. No Name is owned by Loblaws, so how does it get into Bulk Barn? Here is background from an informed source: “Bulk Barn is a privately held company controlled by the Ofield family of Richmond Hill (and Sarasota Florida). As a private company they don’t have to disclose or report much information. It seems they have a business relationship with Loblaws which may have included them licensing the No Name trademark from Loblaws but there does not appear to be an ownership relationship. If Loblaws owned more than 10% of Bulk Barn they would have to disclose this in various public company filings. It’s theoretically possible that one of the Westons personally could be one of Bulk Barn’s private shareholders but that seems unlikely. It’s also possible that in some cases Loblaws owns some of the Bulk Barn franchises but again, there’s no way to authoritatively know that.”