The Canadian Federal Government plans to bring foreign investors to the country to increase competition in the retail food market in the country. BİM is among these investor candidates.
One of the conditions required for companies not to reduce their product or service quality below a certain level is, of course, a healthy competitive environment. Aiming to create competition in the retail sector Federal Government of Canadathe country’s three largest retail brands Loblaw, Metro ve Sobeys’le selected 12 candidates to compete. BİM was also among these candidates.
US food retailer Holdings All companies except from the European continent His election attracted attention. Companies from Turkey, Germany, Spain, Portugal, France, Norway and the Netherlands managed to find a place on Canada’s short list.
Here are the markets that Canada plans to invite to the country
- English: The Musketeers
- Almanya: Aldi, Lidl, Edeka Grup, Rewe Grup
- Hollanda: X5 Retail
- Norway: Reitangruppen
- İspanya: International Food Distributor, Mercadona
- Türkiye: BİM United Stores
- ABD: Holding
Canada’s Minister of Industry François-Philippe ChampagneAfter blaming the country’s three largest grocery chains for the food inflation in the country, it started to look for fresh blood to compete with these companies. David Soberman, Professor of Marketing at the Rotman School of Business, said such an approach would force traditional supermarkets to offer more affordable prices to Canadians.
On the other hand, it is not yet known what kind of incentives Canada will offer to these companies. Regarding this issue, it may first be necessary to make relevant legal regulations in the country. However, instead of monetary incentives, Canadian executives Privileges that will give you strength in competition is expected to present.
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Source :
https://toronto.citynews.ca/2024/04/19/canada-grocery-store-expansion-inflation-costs/
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