Empire Cos. on Thursday announced a major restructuring initiative at its Sobeys retail chain aimed at reducing annual expenses by $500 million a year by fiscal 202.
Dubbed Project Sunrise, and set to begin immediately the transformation will allow Empire to reinvest in its business and grow its sales and bottom line, CEO Michael Medline said in a statement.
We have an aggressive goal to transform our organization, better serve our customers, empower our employees and assuredly move from defense to offense in the market. To do this we need to unleash the talents and scale we already have at our disposal, Medline. The future Sobeys will operate with a simpler, leaner structure, more efficient core…
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