"We are thrilled to officially team up with Farm Boy," said Empire president and CEO Michael Medline, in a press release. "They have an incredible brand, great stores and customer service, and a superb leadership team. We look forward to turbo-charging Farm Boy's growth and allowing them to broaden the reach of their winning formula."
While Sobeys faced criticism and customer complaints about how it handled the 2013 acquisition of Safeway, Medline has made it clear Empire intended to let Farm Boy operate as a totally independent business with both founder Jean-Louis Bellemare and his co-CEO Jeff York left alone to operate the business.
The co-CEOs, along with Farm Boy senior management team members Donny Milito, senior VP of retail operations and product development and Shawn Linton, vice-president, supply chain and IT, hold a 12% interest in Farm Boy.