Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott againstthe company gains steam online.
Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott againstthe company gains steam online.
President and CEO Per Bank said there's a lot of misinformation online about Loblaw, and reiterated the company is not responsible for higher food prices. Inflation is a global issue, he added.“Let me assure you that in every corner of the business, our colleagues are working hard to reduce costs and do things more efficiently.
The boycott is an example of “misguided criticism,” said Weston. He said allegations of profiteering by the grocers are untrue. “There's a group of people who have been relentlessly propagating a narrative that they know is false. And it is now being used to justify theft on a grand scale,” said Weston.In his comments, Weston referenced an earlier demand from the boycotters that the company lower prices by 15 per cent, though boycott organizers have since rescinded their original demands and posted new ones on Reddit that include signing a grocery code of conduct and committing to affordable pricing.
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