Otter Co-op did not participate in bread price fixing, says CEO

Actions of some grocers have undermined consumers’ trust, says Jack Nicholson

Otter Co-Op Chief Executive Officer Jack Nicholson has penned a letter to co-op members and the media explaining that Langley’s longest operating grocer had no involvement in the bread price-fixing scandal that has hit many other large corporate grocers.

“The letter was prompted as we have had many guests inquiring in store on what, if any our involvement may have been,” Nicholson told the Times.

“It was just to set the record straight, and ensure our member/owners and guests understand that Otter Co-op is rooted in the community, is a different kind of business, and we stand behind our values of integrity, community and excellence.

“As well, guests were asking if and when we were going to hand out $25 gift cards, as several competitors that were involved in the price fixing had done so,” said Nicholson.

“Otter has no plans to hand out gift cards as Otter has not and will not participate in any price fixing. We receive costs from our suppliers, and add our appropriate mark up on that.”

It was Canada’s Competition Bureau that named a number of large companies headquartered in Central and Eastern Canada in an investigation into anti-competitive practices to fix the price of bread over the past 14 years.

The Great Canadian Superstore owner Loblaws was the first to offer a $25 gift card to its customers for participating in the bread price fixing. Save-On-Foods was second to offer a gift card but said it had not participated in price-fixing.

SEE STORY HERE

The bread scandal has unfairly painted all businesses with the same broad brush, said Nicholson in his letter.

He writes: “I don’t think anyone will disagree that we are living through a period of unprecedented change and challenge.

This is certainly true for Otter Co-op as we work hard to understand better how to serve our members and customers in an increasingly competitive world.

“These challenges are not made any easier when large corporate competitors do things that seriously erode everyone’s trust in businesses and how they conduct themselves… your co-operative is not under investigation.”

Otter Co-op recently unveiled its support and sponsorship for the new water park opening up at the Aldergrove Credit Union Community Centre. Otter Co-op donated $250,000 and now the water park will be named the Otter Co-op Outdoor Experience.

 

Just Posted

Have you seen Peter Webb?

Fifty-two-year-old man reported missing by family who last saw him July 9

UPDATE: 14-year-old pilot sets Guinness World Record at Langley airport

Mohd Shaikhsorab believes he is now the youngest pilot with the fewest hours logged to fly solo

Plenty of heroes in Thai cave rescue, says Langley diver

Erik Brown reflects on team effort that brought 12 boys and their coach to safety

Elvis sighted in Aldergrove

Live concerts set for Langley Cruise-In on Sept. 8

Township announces new Korean War memorial

A memorial stone from South Korea’s Gapyeong region will be installed at Derek Doubleday Arboretum

BC Games: Opening Ceremony from Laketown Ranch

Hundreds of athletes and thousands of volunteers, coaches, parents and officials

World’s translators push back on forcing Trump interpreter to testify

Democrats had asked translator to testify about Trump’s lengthy conversation with Putin in Helsinki

No decision on B.C. school stabbing suspect’s mental fitness for trial

The BC Review Board could not determine whether Gabriel Klein, 21, is fit to stand trial

Canadian government threatens to retaliate if Trump imposes auto tariffs

U.S president had suggested that auto imports pose a national security risk to the U.S.

Abbotsford’s Besse sisters: Vaulting to greatness at Summer Games

Local siblings heading to Cowichan to compete in equestrian

Wildfire evacuation order forces bride to search for new wedding venue

Fitzpatrick Family Vineyards is under an order due to the Mount Eneas wildfire south of Peachland

Recent online kitten abuse video raises serious social media questions

UBC and UFV profs weigh in on the subject of online sharing, shaming, and our digital landscape

UPDATED: ICBC fights back against claims that it’s ‘ripping off’ B.C. RV drivers

Canadian Taxpayers Federation is urging the provincial government to open up ICBC to competition

Summerland issues State of Local Emergency in response to wildfire

Two homes under evacuation order; evacuation alert remains in place as result of wildfire

Most Read