Galen Weston calls Loblaw boycott ‘misguided criticism’, says grocer not responsible for higher prices
Loblaw (L.TO) chairman Galen Weston on Thursday called the boycott of the company “misguided criticism”, saying the company is not responsible for higher food prices and denouncing calls to steal from the grocery chain.
Speaking at the company’s annual meeting of shareholders on Thursday, Weston said that the grocery industry has faced “unprecedented criticism” amid higher food prices, and that “it is natural Loblaw would be singled out as a focal point for media and government and, of course, consumer frustration.” Weston also says that while shareholders “may be troubled by these often-repeated stories,” the grocery retailer “has and will continue to act with integrity.
