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

Gas tank of Langley man’s pickup drilled to steal fuel

Record-high gas prices may be to blame for the theft that has left him without a truck

Chilliwack RCMP seek shoplifting suspect caught on video

Man allegedly connected to automobile theft in Abbotsford, shoplifting in Langley

Reconciliation walk builds relationships between settlers and Indigenous peoples

Walk in the Spirit of Reconciliation begins May 25 in Fort Langley

RCMP seeks dash cam footage in Cloverdale hit and run

RCMP believe same Acura TL involved in two accidents within minutes of each other

South Surrey parents plan appeal of air-contaminants permit

Metro Vancouver gives 15-year OK to galvanizing-plant emissions

VIDEO: B.C. man recognized for spinning basketball on toothbrush

Abbotsford man holds world record for longest duration of time of 60.5 seconds

Former Social Credit MLA dies at 88

Lyall Hanson was mayor of Vernon in 1981 and moved to provincial politics from 1986-96

The simple beauty of a barn

Architect’s labour of love wins award from Architecture Institute of BC

B.C. set to introduce pot laws, but years of fine tuning likely: minister

Legislation regulating recreational marijuana is expected to be introduced Thursday

Canadian driver uses lawn chair as driver’s seat, gets caught

Ontario police detachment caught the male driver during a traffic stop

B.C. moves to restrict pill presses in opioid battle

Minister Mike Farnworth says federal law doesn’t go far enough

UPDATE: 83-year-old convicted murderer back in custody

RCMP have captured Ralph Whitfield Morris who escaped from Mission Institution

VIDEO: Vets, volunteers set up vaccination station for sick bunnies

Volunteers, vets try to stop spread of lethal virus

If you see a dog in a hot car, don’t break in: SPCA

People are being discouraged from smashing windows to free animals. The SPCA has tips on what else you can do.

Most Read