Dominate the canadian grocery market

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Reference no: EM133671698

Question: LOBLAW COMPANIES LIMITED EXPANSION INTO INTERNATIONAL MARKETS

In 2023, Galen Weston stepped down as CEO (Chief Executive Officer) and became Chair of Loblaw Companies Ltd. Board of Directors. Per Bank became the new CEO and reported in early 2024.

Bank has a 30 year retail career in Europe and of recent, was CEO of the Salling Group A/S, a large conglomerate with over 1700 retail stores located in 3 European countries.

In December 2023, the Canadian Government held talks with a number of foreign grocery executives in an attempt to lure new supermarket chains to Canada to challenge the big 5 retail chains that currently dominate the Canadian grocery market.

Bank was brought in because of his vast international experience to lead Loblaw's global expansion into new markets.

You have been chosen to conduct a preliminary study into 3 potential markets:

Europe
United States of America (USA)
Asia

Your initial report should include:

A brief analysis of each market, including such factors as the competitive environment, opportunities and challenges;
An analysis of the current environment/institutional factors in each market. (ie: political and geopolitical, economic, technical/infrastructure, cultural, etc.) and assessing the risk in each market'
An analysis of Loblaw's readiness to enter these markets.

Reference no: EM133671698

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