Judge approves $500M settlement in Loblaw, George Weston bread price-fixing case
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Did some quick and rough math: assuming they had 2000 stores (tried to average out the years I had data for) and that they only overcharged by $1.50, they would’ve made $500 million by each store selling just 22 loaves per day. And that’s not considering the fact they also sold their bread wholesale to restaurants (and I’m pretty sure other non-loblaws owned stores).
Wording is a little weird there. Thought you were saying that each of the 2000 stores was making $500m lol
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Why do like 85% of the payouts go to Ontario and Quebec but not the rest of Canada? The rest of Canada might get some money back once Ontario and Quebec are happy, but it’s unlikely? That’s not cool. I’ve bought a ton of bread from Loblaws in those years, and all I got was a one time $20 payment.
Seems pretty unfair and not as it should be.