Empire to acquire a 51% stake in of Longo’s and Grocery Gateway for $357m.

Empire, a Canadian conglomerate engaged mostly in food retail and corporate investments, agreed to acquire a 51% stake in of Longo’s, a network of specialty grocery stores, and Grocery Gateway, an e-commerce business, for $357m. “Empire has strong momentum and we are laser-focused on our Project Horizon growth plans in key markets like the GTA, both in bricks and mortar and e-commerce. Longo’s has built one of the most successful and sought-after brands in the GTA and Southwestern Ontario. Longo’s is a crown jewel of grocery and as a values-driven company, Longo’s culture aligns closely with Empire. We couldn’t be happier to be partnering with Anthony and the Longo’s team," Michael Medline, Empire President and CEO.