Business
Empire : 2025 Annual Report
Empire : 2025 Annual
About this update from Empire Co Ltd Class A
[{"type":"text","content":"\n \n \n ANNUAL INFORMATION FORM\n \n \n Year Ended May 3, 2025\n \n \n \n June 26, 2025\n \n \n TABLE OF CONTENTS\n \n \n FORWARD-LOOKING INFORMATION 1\n \n \n CORPORATE STRUCTURE 3\n \n \n Name and Incorporation 3\n \n \n Intercorporate Relationships 3\n \n \n DESCRIPTION OF THE BUSINESS 4\n \n \n Food Retailing 4\n \n \n Investments and Other Operations 7\n \n \n Environmental, Social and Governance 7\n \n \n Other Information 9\n \n \n GENERAL DEVELOPMENT OF THE BUSINESS 10\n \n \n Focus on Food Retailing 10\n \n \n Investments and Other Operations 14\n \n \n Significant Acquisitions 14\n \n \n RISK MANAGEMENT 15\n \n \n DIVIDENDS 23\n \n \n CAPITAL STRUCTURE 24\n \n \n Share Capital 24\n \n \n Long-Term Debt 27\n \n \n Credit Ratings (Canadian Standards) 28\n \n \n MARKET FOR SECURITIES 29\n \n \n SELECTED CONSOLIDATED FINANCIAL INFORMATION 29\n \n \n DIRECTORS AND OFFICERS 30\n \n \n Directors 30\n \n \n Executive Officers Who Are Not Directors 31\n \n \n Other Proceedings 32\n \n \n Conflict of Interest 32\n \n \n TRANSFER AGENT AND REGISTRAR 32\n \n \n AUDIT COMMITTEE INFORMATION 33\n \n \n MATERIAL CONTRACTS 34\n \n \n LEGAL PROCEEDINGS AND REGULATORY ACTIONS 34\n \n \n INTEREST OF EXPERTS 35\n \n \n ADDITIONAL INFORMATION 35\n \n \n APPENDIX A 36\n \n \n APPENDIX B 40\n \n \n \n ( i )\n \n \n All disclosure for Empire Company Limited and its subsidiaries (\"Empire\" or the \"Company\"), including 100% owned Sobeys Inc. (\"Sobeys\") is as of fiscal year end, May 3, 2025, unless otherwise indicated.\n \n \n FORWARD-LOOKING INFORMATION\n \n \n This Annual Information Form (\"AIF\") contains forward-looking statements which are presented for the purpose of assisting the reader to contextualize the Company's financial position and understand management's expectations regarding the Company's strategic priorities, objectives and plans. These forward-looking statements may not be appropriate for other purposes. Forward-looking statements are identified by words or phrases such as \"anticipates\", \"expects\", \"believes\", \"estimates\", \"intends\", \"could\", \"may\", \"plans\", \"predicts\", \"projects\", \"will\", \"would\", \"foresees\" and other similar expressions or the negative of these terms.\n \n \n These forward-looking statements include, but are not limited to, the following items:\n \n \n The Company's aim to i...