Business
Empire Company Limited Supports Small Supplier Partners During COVID-19 Crisis
Empire Company Limited Supports Small Supplier Partners During COVID-19 Crisis Can...
About this update from Empire Co Ltd Class A
[{"type":"text","content":"\n\n\n\nEmpire Company Limited Supports Small Supplier Partners During COVID-19 Crisis\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSTELLARTON, NS, April 2, 2020\n\n\n\nSTELLARTON, NS, April 2, 2020 /CNW/ - For over 113 years, Empire Company Limited (\"Empire\") has been proud to partner with local Canadian businesses of all sizes. Our own humble beginnings started with a local entrepreneur, his family, and the help of trusted supplier partners. \nDuring this unprecedented time in the world, we know it's more important than ever to support our smaller supplier partners. These businesses have always been there for us, providing the goods and services we need to help us put food on Canadians' tables every day and especially through this terrible coronavirus crisis. Now, we want to be there for them and offer the support they need to continue operating their businesses.\nStarting as of March 31, Empire will help our 13,000 smaller suppliers across Canada by shortening our usual payment terms, automatically paying all of our small suppliers within 14 days without exception. These businesses will be able to count on fast turnarounds and the assurance of payment in their bank accounts within these shortened timelines. This includes local farmers and fisheries, waste collection companies, repair and maintenance businesses, and many others.  \nIn addition, Empire has contacted all of its small business tenants in its owned mall properties, such as food service providers, about taking advantage of a two-month rent deferral starting April 1 to help ease financial hardships due to COVID-19.\nWe want our valued supplier partners to know we are in this together. From our family to yours, we are committed to easing the anxiety of these uncertain times for you. We truly appreciate everything you are doing to help our front-line store teams provide essential support to our Canadian families, friends and neighbours, and we look forward to coming out of this challenging time together with you.\nABOUT EMPIRE\nEmpire Company Limited (TSX: EMP.A) is a Canadian...