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Loblaw CEO Galen Weston receives raise, compensation becomes $8.4M

Canadian Manufacturing

All three grocers raked in higher profits in the first half of 2022 compared with their average performance over the past five years, according to a report last fall by the Agri-Food Analytics Lab at Dalhousie University.

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Grocery CEOs deny all accusations, say profit mongering is not an issue

Canadian Manufacturing

Galen Weston, the billionaire chairman and president of Loblaw, said the company has made bigger profits off financial services and apparel and pharmacy sales, which he said represents more than half of its business. “The idea that grocers are causing food inflation is not only false, it’s impossible,” he said.

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5 Statistics That Show California Manufacturing is Alive and Well

CMTC Manufacturing Tech

In contrast, low technology manufacturing describes the production of goods like textiles, food products, and cut and sew apparel. Examples include the complex techniques used to produce aerospace materials, pharmaceuticals, and precision instruments.