Peninsula Co-op inks deal to buy Metro Liquor store
Co-operative looks to establish itself as a 'meaningful' player in the retail liquor space
Deal is expected to close mid-April.
Peninsula Co-op has acquired a Metro Liquor store in Vancouver Island’s Brentwood Bay community.
The deal, slated for completion in mid-April, is part of the Victoria, B.C.-based co-operative’s strategy to establish itself as a "meaningful" player in the retail liquor space.
"We're not simply adding another liquor store to our portfolio; we're strategically selecting and integrating stores that align with our long-term vision. A comprehensive roll-up strategy, which will see us rebrand and reposition our acquired brands under a new, distinct identity, will be unveiled in the coming months," said Corey Gillon, CEO of Peninsula Co-op, in a release.
Peninsula Co-op acquired seven Liquor Express locations in September 2023.
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