Loblaw Says It Would Join With Grocery Industry in Ending Property Controls

Loblaw Says It Would Join With Grocery Industry in Ending Property Controls
People shop at a Loblaws store in Toronto on May 3, 2018. The Canadian Press/Nathan Denette
|Updated:
0:00

Canada’s biggest grocer says it wants to eliminate commercial property controls in the grocery industry, amid a Competition Bureau investigation into the practice.

Spokeswoman Catherine Thomas says Loblaw Companies Ltd. is willing to stop using the covenants, which are terms baked into commercial leases that put restrictions on other tenants and their activities.