Loblaw Companies Limited announced the purchase of Arz Fine Foods, an established Middle Eastern grocery retailer located in Toronto. It will operate as a unique operating division of Loblaw.
Canada’s Middle Eastern population represents about 2 per cent of the population and is one of the fastest growing market segments.
“This key partnership holds great promise as Canada’s Middle Eastern population and the Canadian taste for Middle Eastern food continues to grow,” said Vicente Trius, President, Loblaw Companies Limited. “Arz Fine Foods is a trusted Middle Eastern supermarket with strong product expertise. The combination of Arz Fine Foods and Loblaw will follow the same approach used with our T&T business, which introduced ethnic expertise and products into our broader business in a very authentic way.”
Founded in 1989 by the Boyadjian family, Arz Fine Foods began as a specialty bakery and has since grown to include deli, fresh produce, halal meat, groceries and ready to eat foods. The business also includes a 10,000-square-foot retail store, commercial bakery, food commissary, and distribution centre.
“This is a tremendous partnership for our family and our business”, said Armand Boyadjian, co-founder. “This acquisition recognizes the commitment of our employees to become a leader in our field. With Loblaw, we will continue to maintain our authenticity and enhance our customer experience and reach. This is a great opportunity to share our passion and products with even more Canadians.”