Do you shop at Loblaws? They are offering customers a $25 gift card as a goodwill gesture after admitting to participating in an industry-wide bread price-fixing arrangement.
The Competition Bureau completed an investigation which uncovered an industry-wide price-fixing arrangement involving certain packaged bread products. Loblaw Companies Ltd. and the Weston Bakeries division of George Weston as well as other major grocery retailers and another bread wholesaler were found to be regularly increasing prices on a coordinated basis from late 2001 to March 2015.
Loblaw and George Weston Ltd. admitted that they participated in the industry-wide bread price-fixing arrangement, but tipped off Canada’s competition watchdog and will receive immunity in the ensuing investigation.
Starting on January 8, 2018, Loblaw customers can visit LoblawCard.ca to register for a $25 Loblaw Card and, if eligible, receive a card which can be used to purchase items sold in Loblaw grocery stores across Canada.
The deadline for registration is May 8, 2018.
For those who are skeptical, check out the official press release from their website.
Click here to register your email with the company to be notified when the registration form will be available.