Sobeys is Canada’s second largest grocery company

For Rajinikanth’s fans, Friday cannot get here fast enoughMany shows, selling tickets for Rs 400 and above, are sold out alreadyTamil and Telugu versions of Kabali will play in 400 cinemas in USAFor South superstar Rajinikanth’s fans, Friday cannot get here fast enough. This is the big Kabali week, when the 65 year old actor’s massively anticipated new film opens worldwide in Tamil and dubbed in Hindi, Telugu and Malayalam.Online, the Urvashi Digital 4K Cinema on Bengaluru’s Lalbagh Road (one of the theatres cited by IBT), appears to be selling tickets for Rs 400 and above. Many shows are sold out already.The Tamil and Telugu versions of Kabali will also play in 400 cinemas in USA. Bookings opened last week and were sold out for some shows. “We opened bookings on Tuesday and in less than two hours tickets were sold out at Towne 3 cinemas, San Jose. The tickets for premieres are priced at $25, and there’s huge demand for tickets,” distributors CineGalaxy told news agency IANS.This sort of frenzied atmosphere is characteristic of any Rajinikanth release, which is normally heralded by fans pouring milk on cutouts of him. This time, publicity for the film has included such high profile brand partnerships as having a Kabali themed Air Asia flight that will ferry the actor’s fans to watch first day, first show. Kerala based finance company Muthoot Fincorp is rolling out 999 silver coins stamped with Rajinikanth’s image.

SubscriptionsGo to the Subscriptions Centre to manage your:My ProfileThe Sobeys grocery business will be cutting about 800 office jobs across Canada as part of efforts to create one efficient national organization out of five regional operations, the company announced Friday.”The future success of Sobeys, and our continued service to over 900 communities across the country, depends on our steadfast commitment to transform our business,” said Michael Medline, who is chief executive of Sobeys and its parent company, Empire Co. Ltd.Grocery business ripe for disruption in Canada, analysts sayLocal reports of the news began to emerge late Thursday ahead of an internal announcement to Sobeys staff. The company confirmed the reports Friday morning.The company told CBC News that approximately 150 jobs will be lost in Nova Scotia, including 100 at the company’s head office in Stellarton.Sobeys is Canada’s second largest grocery company, after Loblaw Cos. Ltd., and faces many of the same challenges in the industry: competition from new rivals, higher costs from rising minimum wages in some areas and technological change.Loblaws plans to close 22 unprofitable stores and launch home deliveryLoblaw lays off 500 staff from office locations across CanadaHowever, the company has also been struggling for several years with problems arising from its acquisition of Safeway Canada which gave Sobeys a much bigger presence in Western Canada.”The first phase of our plan to transform our business, which has been focused on resetting the foundation of Sobeys and creating a new organization structure, is now substantially complete,” Medline said in a statement to the media.”This will allow us to be more efficient in many ways and to be more agile as we pursue new opportunities to compete and win the loyalty of Canadians.”In September, Empire reported that it was on track to achieve $500 million in annual cost savings as part of its transformation plan, dubbed Project Sunrise.It also reported that Sobeys had achieved same store sales growth in the first quarter of its 2018 financial year. It was the first time in 18 months that Sobeys had reported higher year over year sales at stores open at least a year.Shares of Empire which owns Sobeys Inc. and has an interest in the publicly traded Crombie real estate trust rose one per cent on Friday, closing at $24.92 on the Toronto Stock Exchange.

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