Home Breadcrumb caret Economy Breadcrumb caret Economic Indicators Loblaw buys into Middle Eastern niche Loblaw Co. is branching out into Middle Eastern food with the purchase of Arz Fine Foods. By Staff | May 7, 2014 | Last updated on May 7, 2014 1 min read Loblaw Co. is branching out into Middle Eastern foods with its purchase of Arz Fine Foods. Toronto-based Arz is a Middle Eastern grocery store that will operate as a unique operating division of Loblaw. Read: Private equity buys Safeway for $9B People of Middle Eastern descent make up about 2% of Canada’s population, and are among the fastest-growing market segments. “The combination of Arz Fine Foods and Loblaw will follow the same approach used with our T&T business, which introduced ethnic expertise and products into our broader business,” says Vicente Trius, president, Loblaw Companies Limited. Read: Bitcoin trading floor pops up in NYC grocery store Founded in 1989 by the Boyadjian family, Arz Fine Foods began as a specialty bakery and has since grown to include deli, fresh produce, halal meat, groceries and ready to eat foods. The purchase includes a 10,000-square-foot retail store, commercial bakery, food commissary, and distribution centre. Loblaw plans to provide customers across the country with more Middle Eastern products in the coming months. Read: Grocery bills bite into Canadians’ budgets Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo