75
Judge approves $500M settlement in Loblaw, George Weston bread price-fixing case
(ca.finance.yahoo.com)
this post was submitted on 26 May 2025
75 points (100.0% liked)
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Did some quick and rough math: assuming they had 2000 stores (tried to average out the years I had data for) and that they only overcharged by $1.50, they would've made $500 million by each store selling just 22 loaves per day. And that's not considering the fact they also sold their bread wholesale to restaurants (and I'm pretty sure other non-loblaws owned stores).
Wording is a little weird there. Thought you were saying that each of the 2000 stores was making $500m lol