date:Jul 16, 2013
Loblaw Cos. Ltd., Canadas largest food retailer, is acquiring Shoppers Drug Mart Corp., Canadas largest pharmacy chain, for C$12.4 billion ($11.9 billion).
We did a very in-depth study on what the food proposition would look like [in a Shoppers drug store], said Vicente Trius, president of Loblaw, noting that the company merchandised a mock store to test the layout.
We kept all of the core from Shoppers Drug Mart, and we looked at how we can actually leverage the space that they had in food