Empire to focus on Sobeys, sells theatres to Cineplex, Landmark

posted by Michael Zoldessy on July 10, 2013 at 7:45 am

Empire has sold the majority of its cinema assets to Cineplex and Landmark. They plan to focus on growing their Safeway supermarkets and use the money for debt repayment. Sales have been going well so far this year for the chain so this appears to be a good time to readjust their priorities.

Read more in the Globe and Mail.

Comments (1)

Davester35 on July 13, 2013 at 7:16 pm

Great… so Cineplex will practically have a monopoly in Southern Ontario. How much more can they charge for Popcorn and a drink?

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