T & T Supermarket
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| Subsidiary | |
| Industry | Retail |
| Founded | 1993 |
| Founder | Cindy Lee |
| Headquarters | Richmond, British Columbia |
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Number of locations
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23 (21 T&T and 2 Osaka Supermarkets) |
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Key people
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Tina Lee (CEO) |
| Products | Bakery, dairy, deli, frozen foods, grocery, meat, produce, seafood, snacks |
| Parent | Loblaw Companies |
| Website | www |
T & T Supermarket (simplified Chinese: 大统华超级市场; traditional Chinese: 大統華超級市場; pinyin: Dàtǒnghuá Chāojíshìchǎng) is a Canadian supermarket chain which sells primarily numerous forms of Asian foods. The supermarket chain is headquartered in Richmond, British Columbia. In 1993, the first T & T was opened in Burnaby's Metropolis at Metrotown, a shopping centre in the Metrotown area in Metro Vancouver.
With rapid expansion, T & T is now Canada's largest Asian supermarket chain. It has ten stores across British Columbia, five in Alberta (two in Calgary and three in Edmonton), and nine stores in Ontario with eight stores in the Greater Toronto Area including Downtown Toronto, and one in Ottawa. More stores are expected to open in the coming years with a target for 10 in Eastern Canada.
The stores range in size from 35,000 sq ft (3,300 m2). and 45,000 sq ft (4,200 m2). In addition to the many departments found in a regular supermarket, most T & T stores also have an in-house bakery, an Asian deli, a sushi and Chinese barbecue department.
T & T is part of Loblaw Companies, which purchased it in July 2009 for $225 million in consideration, consisting of $191 million in cash and $34 million in preferred shares. The consideration paid above and beyond the tangible asset base of the company (i.e. the accounting goodwill) which was estimated at $180 million. The chain had been created as a joint venture of Uni-President Enterprises Corporation, one of Taiwan's ten largest conglomerates; Tawa Supermarkets Inc., a California-based chain of Asian supermarkets; and a group of Canadian investors. Founder Cindy Lee is a Taiwanese-Canadian who started the business with one store.
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Wikipedia