Metro flyer is a retail grocery company in the Canadian provinces of Québec and Ontario. The company is based in Montreal.
Metro is the second largest grocer in Ontario and Québec after the Loblaw Companies. There are currently 243 stores in Quebec and 135 stores in Ontario. However, the branches are always independent and privately run franchise shops.
In addition to the conventional Metro branches, there are other chains affiliated with the company, such as Super C, a discounter with 60 branches in Québec, Metro Plus, the larger metro markets and 142 branches of the Marché Richelieu chain.
In 2007 profits rose 9.3% from 253 mil. CAD (in 2006) to 276.6 mil. CAD (2007).
There is no connection between the Canadian Metro Inc. and the German Metro AG.
In January 2000, when Métro-Richelieu Inc. became Metro Inc., the acute accent disappeared. The era of computerization is over, and in 2002 the company made a net profit of $ 143 million. In 2003 and 2004, the company bought the Gagnon stores. The relative stability of the food industry has so far kept the company on course for profits.
In 2005, Metro purchased the Canadian division of A&P Company for C $ 1.7 billion. Then, on August 7, 2008, Metro announced its decision to merge the five banners (Dominion, A&P, Loeb, The Barn Markets and Ultra Food & Drug) of the A&P company under the Metro banner, which will make it the supermarket network. the largest in Ontario with 159 stores, which included 119 stores under the Food Basics banner. It’s an investment of $ 200 million over a 15-month period.
In 2011, Metro flyer took control of the Adonis supermarkets by buying 55% of the company’s shares. In 2017, Metro becomes the sole owner of Adonis.
In 2014, Metro weekly flyer acquires Première Moisson bakeries by buying 75% of the company’s shares. The founding family Colpron-Fiset will retain 25% of the capital.
METRO announced on August 1, 2017 a partnership with MissFresh, a young Montreal company specializing in the delivery of ready-to-cook meals. The three co-founders of MissFresh will retain 30% of the capital.
In October 2017, Metro announced the acquisition of the Jean Coutu group for $ 4.5 billion. After this acquisition, Metro becomes the largest private employer in Quebec, ahead of Desjardins Group.