If you bought bread at a Loblaw store (before 2016) you not only probably enjoyed a sandwich of some sort, but you could also be eligible for a piece of a $500 million settlement. Loblaw Companies Limited and George Weston Limited have agreed to settle lawsuits over their involvement in an industry-wide price-fixing scheme for bread that led to Canadians overpaying for bread between 2001 and 2015. George Weston will pay roughly half, and Loblaw will pay the other half including credits from the Loblaw Card program.
Galen Weston Jr., the chairman of Loblaw, CEO of George Weston, billionaire, and dude from the commercial campaign a few years back where he desperately tried to come across as the “friendly neighbour guy” apologized for the price-fixing behavior they discovered and reported in 2015 saying “This should never have happened. We have the privilege of serving Canadians from coast to coast. That privilege needs to be earned each and every day.” He then went back to seeing how far he can throw diamonds into his private lake, or something.
Other major grocery stores like Sobey’s and Walmart were also implicated.