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provincial government on nationalist grounds. Other potential buyers included
Toronto-based Oxdon Investments, Oxford Development, Metro-Richelieu, Provigo, and a leveraged buyout from company executives Irving Ludmer and Arnold Steinberg. In the end, the company was sold for $ 1.3 billion on August 22, 1989, to a joint bid between Socanav (a marine shipping firm with no experience in retail, and whose major shareholder Michel Gaucher helped set up the deal) and the
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461:(under National Grocer Co.) in January 1992 and either converted to "Loblaws" or "Your Independent Grocer" banners, or closed. The sale included two operating as Xtra discount supermarkets. Those were the final stores Steinberg's owned in Ontario, aside from 74 Valdi stores that the chain held onto (a combined 101 in Ontario & Quebec). Valdi Foods remained a company subsidiary until the stores in the western provinces were closed in 1991/92.
268:
of the Grand Union stores they acquired were in less-than-ideal locations compared to their already established competitors, and over time most were closed or relocated to new stores. The
Ontario stores lost money because of competition, poor locations, and the imposition of a Quebec style of management and retailing that did not suit the Ontario market. The branding of Steinberg's Ontario's supermarkets was changed in the late 1960s to
393:
some direction following the chaotic years since Sam's death. He had rejoined real-estate branch
Ivanhoe in 1983, and had become close to Sam during his early years at the company. He initiated sweeping changes throughout the company, resulting in improved sales, stock prices, and a general all-around improvement in Steinberg's, making it more attractive on the stock market.
233:"'s" from its name to become "Steinberg" in 1961. This was accompanied with the introduction of a new logo as shown above this article (the previous logo had consisted of Sam Steinberg's personal signature). Despite the change, the chain continued to be referred to as "Steinberg's" among the English speaking Quebecers and media throughout its history and beyond.
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locations had no buyer. Six of these stores closed on August 29, 1992 and the other ten followed suit on
September 5, 1992 in the cities of Rimouski, Chicoutimi, Longueuil, Hull, Saint-Hubert, Quebec City, Saint-Bruno, Saint-JĂ©rĂ´me, Laval and Bromont. The Steinberg's stores that were acquired were split among five supermarket chains:
465:
and interest payments on debt from the leveraged buyout. In May 1992, court protection was obtained in order to liquidate the company and pay off creditors. Loblaws again attempted to buy the chain. They were again foiled by the Quebec government, who arranged for
Steinberg's stores to be sold to its two major local competitors
284:, which consisted of a Steinberg's grocery, a Miracle Mart department store and Le Quick and Pik-Nik restaurants, all under the same roof. In Ontario, they were opened as "Miracle Beaucoup" stores with Miracle Food Mart as the grocery store. The first two Beaucoup stores were opened in Laval, Quebec, and Bramalea, Ontario.
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between his daughter Mitzi, her husband Mel Dobrin, daughter
Marilyn Steinberg Cobrin and daughter Evelyn Steinberg. Each held equal controlling shares in the company through trusts, but these shares and those of their mother Helen, were stipulated to be voted together as one, to keep control of the company in the family.
432:
The buyout of
Steinberg's was highly leveraged. Despite improved profitability and cash flow results from Steinberg's after the buyout, various parts of the company were auctioned off by new owner Socanav to help pay down the heavy debt load incurred. The Caisse de dépôt et placement du Québec wanted
237:
464:
Attempts to sell off more assets and restructure the company (including rebranding some stores and franchising others) were difficult, due to
Steinberg's higher labour wages, the 1990–1992 recession, suppliers unsure of supplying the highly leveraged company, pressure from creditors, mounting losses
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and lack of a succession plan for the company began its decline, and resulted in a trend of higher unionized labour costs than other unionized and non-union supermarkets, and a general loss of direction of the company without its former leader. Things worsened rapidly when a power struggle developed
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By mid-1992, Steinberg's and its poor-performing department store chain M began to phase out. Most of
Steinberg's grocery stores were absorbed and converted by its competitors, while the M locations closed outright as no buyer could be found for them. Even within the grocery chain proper, 16 of the
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By the end of the 1980s, family infighting, power struggles, rising costs and increased competition were taking their toll, and
Steinberg's was placed on the auction block for an estimated $ 1.5 billion. The Ontario-based Loblaws chain attempted to acquire Steinberg's, but was blocked by the Quebec
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outside of eastern Ontario, some operating next to a Miracle Mart department store. A new food and drug store chain, Miracle Ultra-Mart stores, was introduced in the mid-1980s. The main warehousing and administrative offices were in Rexdale (Etobicoke, now part of Toronto). The Ottawa, Cornwall and
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had put up for sale. This formed the basis of Steinberg's Ontario division. Until Loblaws expanded into Quebec through acquisition, there had been an unspoken agreement between Steinberg's and Loblaws that one would not enter the other's market. What Steinberg's found was that the locations of many
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After a number of years under lackluster leadership, Irving Ludmer became CEO in April 1984. Ludmer was a former Steinberg's real estate vice president who worked with the company from 1957 until leaving to start his own real-estate company in 1971. He tried to reinvigorate the company and give it
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agreed to buy the Ontario operations (consisting of 58 Miracle Food Marts, 11 Miracle Ultra-Marts, and Ontario divisional offices in Etobicoke) in July 1990 for $ 235 million, with the closing date of October 20, 1990. The stores continued to operate under their former names, but were eventually
34:
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and owned several shopping centres. During the expansion years, the plan was to landbank properties in Quebec for future development into shopping centres and stores. Ivanhoe turned out to be one of Steinberg's most profitable ventures and continues today under the name
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300:, a supermarket chain operating in the Ontario regions where there were no stores of the grocery chain Steinberg's (they had been rebranded as such starting in 1969). Ontario operations had been poor in early years, but by the time they were sold to
294:, established in 1961. A discount department store chain (led by daughter Mitzi and renamed "M" store), carried clothing, toys, household appliances and goods. The "M" department stores ceased operations shortly after Steinberg's went bankrupt.
256:. Sam Steinberg was one of the first employers to implement mandatory bilingualism (English and French) for all his personnel and as a result, the company became so entrenched in Quebec culture that among French speaking Quebecers, "
508:
Although Steinberg's, Miracle Mart/M, Miracle Food Mart, Valdi and Cardinal Distributors are now defunct, Sam Steinberg is survived by his real estate company Ivanhoe (which absorbed Cambridge Shopping Centres Ltd in 2001 to become
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had used a franchising model for some time. The company could save on labour costs, as those stores could employ non-unionized labour paid at lower wages than Steinberg's company-operated stores.
790:"International Brotherhood of Teamsters, Chauffeurs, Warehousemen and Helpers of America (Teamsters Local Union No 419) v Steinberg Inc. (Miracle Food Mart Division), 1995 9919 (ON LRB)"
244:
For several decades, and until the late 1980s, Steinberg's was the largest supermarket chain in the province of Quebec. Store outlets could be spotted in nearly every district of the
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The final 10 Ontario stores in the Ottawa, Cornwall and Brockville locations (not included in the sale to A&P since they were all part of the Quebec division) were bought by
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A few signs of Steinberg's past remain, such as this logo on the floor at the entrance of a former store in Montreal which is now operated by the Metro supermarket chain.
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358:, a popular American wholesale club store. Steinberg was the exclusive operator in Canada of the chain starting in 1985, and also owned a 50% stake in the company.
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into the most popular and largest supermarket chain in Quebec. It was the first to create the "supermarket" concept in Quebec, in 1934, with expansions into
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Steinberg's real estate arm Ivanhoe for its attractive portfolio from the start, and acquired it for $ 887 million in 1990. Steinberg's 50% stakes in both
335:, their real estate and development arm. With its vast real estate portfolio, it was the most valuable asset in the company by the time it was sold off.
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and later Ontario. In addition to its flagship supermarket chain, the company operated several subsidiaries across the country. The company went
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Steinberg's opened more stores in Montreal and Quebec over the years. Steinberg's entered the real estate market in 1952 under the name
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Cartier Refined Sugars Limited, established in 1963. Steinberg's acquired a large stake in 1966 and eventually acquired the company.
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Bakery, beer, dairy, deli, frozen foods, general grocery, liquor, meat & poultry, pharmacy, produce, seafood, snacks.
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Trouble started brewing for the chain after the death of Sam Steinberg in 1978. His laissez-faire dealings with the
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Valdi, a limited assortment (discount) grocery chain in Ontario and the western provinces, Valdi was founded in 1979.
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609:
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Pik-Nik, launched as drive in restaurants, and popular snack bars operating in shopping malls, established in 1966.
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Steinberg's owned and operated several well-known businesses aside from their own name-brand supermarket chain:
690:"Steinberg closes last 10 supermarkets; Shutdowns will put 500 full-time and part-time workers on the street".
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Steinberg Foods Limited, the company's own Montreal bakery and food production facilities, established in 1966.
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260:" ("I'm doing my Steinberg's") became a synonym for going grocery shopping, regardless of supermarket chain.
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though a few of the stores that turned into Metro in 1992 later rebranded to Super C in the mid-1990s.
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In 1959, Steinberg's made its expansion west of Ottawa into Ontario by acquiring 38 Ontario stores that
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in 1961) was a large family-owned Canadian grocery store chain that mainly operated in the province of
19:
This article is about the Canadian grocery store chain. For the American electronics store chain, see
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La Maisonnée, a chain of conveniences stores in Quebec sold in 1988 to the Toronto-based Silcorp Ltd.
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Smitty's Super Value Inc., a small Arizona-based supermarket chain, acquired 1981. Sold to the
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Phoenix Mills Inc, a large flour mill, Steinberg's acquired 30% ownership in the late 1960s.
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Toomey, Craig (9 May 1992). "Sale of Steinberg stores could come in week". The Gazette .
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were sold in 1990 for $ 110 million and $ 58 million respectively. After ongoing talks,
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in 1992, three years after being sold to private interests, after 75 years in business.
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473:. To avoid accusations of monopoly, Provigo resold half of its Steinberg's stores to
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Brockville stores were part of the Quebec division rather than the Ontario division.
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707:"SUPER MARKS?; SHOPPERS GIVE MIXED VERDICTS ON SERVICE AT FORMER STEINBERG STORES".
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Le Quick, a restaurant chain, also often located in malls with a Steinberg store.
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513:). His restaurant chain Pik-Nik, founded in 1966, lasted until the mid-2010s.
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Cardinal Distributors, a mail-order gift catalogue, that merged in 1979 with
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Toomey, Craig (June 18, 1992). "Couche-Tard interested in Silcorp stores".
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Xtra, a briefly operated discount supermarket chain introduced around 1990.
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Succession for the Steinberg's grocery chain was the subject of a 1974
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222:. Steinberg's also had holdings in food production and distribution.
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they were one of the more valuable assets remaining in the company.
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663:"A struggle for Steinberg | Maclean's | JULY 24, 1989"
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Under Socanav's ownership, Steinberg's ran some locations as
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for the first time. Smaller Quebec grocery chains such as
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Trillium Meats, Steinberg's own meat wholesaling company
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Steinberg's began as a grocery store founded in 1917 in
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501:. None of Steinberg's locations directly converted to
364:, owned a 50% stake via sale of Cartier Sugar in 1981.
610:"History of STEINBERG INCORPORATED – FundingUniverse"
628:"The Montreal Gazette - Google News Archive Search"
599:
1464:Companies that have filed for bankruptcy in Canada
351:In addition, Steinbergs had partial ownership of:
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563:"Yiddishkayt and Soviet Spies: Life on the Main"
185:immigrant, Ida Steinberg. Her five sons, led by
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189:, grew the company from a tiny storefront on
248:and was a major competitor for chains like
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772:The Canadian Encyclopedia - Steinberg Inc.
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755:Steinberg: The Breakup of a Family Empire
713:. Montreal. 18 November 1992. p. C1.
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1499:Retail companies disestablished in 1992
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520:documentary by Arthur Hammond entitled
1519:Canadian companies established in 1917
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561:DeWolf, Christopher (April 18, 2007).
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399:Caisse de dépôt et placement du Québec
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1494:Retail companies established in 1917
1443:List of supermarket chains in Canada
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1144:
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753:Gibbon, Ann; Hadekel, Peter (1990).
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1127:: Prince Albert/North Central area)
446:rebranded under the "A&P" and "
227:French language pressures in Quebec
13:
1479:Privately held companies of Canada
796:DeWolf, Chris (25 December 2008).
782:FNS News Service, (Nov 28, 1988).
14:
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401:, Quebec's pension-fund manager.
1514:1992 disestablishments in Quebec
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757:. Toronto: Macmillan of Canada.
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21:Steinberg's (electronics store)
1469:Defunct supermarkets of Canada
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784:"Steinberg's Feud is Settled."
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1509:1917 establishments in Quebec
734:National Film Board of Canada
696:. 29 August 1992. p. C1.
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542:List of Canadian supermarkets
538:, about the Steinberg's chain
518:National Film Board of Canada
208:
172:
7:
1489:Defunct companies of Quebec
1484:Companies based in Montreal
798:"The ghosts of Steinberg's"
792:Retrieved September 1, 2015
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225:In keeping with increasing
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1504:Jews and Judaism in Quebec
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229:, Steinberg's dropped the
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16:Canadian supermarket chain
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786:. Retrieved June 11, 2006
774:Retrieved April 26, 2007.
595:The Canadian Encyclopedia
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1114:members (Western Canada)
908:Real Canadian Superstore
903:Real Atlantic Superstore
724:Hammond, Arthur (1974).
1474:Jewish Canadian history
1358:Commisso's Food Markets
1263:: Greater Toronto Area)
1235:: Greater Toronto Area)
1195:: Greater Toronto Area)
1112:Federated Co-operatives
933:Your Independent Grocer
651:. Montreal. p. C1.
614:www.fundinguniverse.com
535:Corporation (TV series)
83:; supermarkets sold to
847:Supermarkets in Canada
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318:Consumers Distributing
280:was introduced called
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191:St. Lawrence Boulevard
1346:Ultra Food & Drug
1078:Other national chains
452:Ultra Food & Drug
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258:Je fais mon Steinberg
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138:Cardinal Distributors
1189:Coppa's Fresh Market
1425:Village Food Stores
1353:Ayre's Supermarkets
1219:Galati Market Fresh
981:Pattison Food Group
215:Ivanhoe Investments
201:area) and parts of
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1301:Whole Foods Market
1181:(Atlantic Canada,
1121:Lake Country Co-op
1095:Northern/Northmart
450:", and Ultra Mart/
428:End of Steinberg's
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382:
282:Steinberg Beaucoup
270:Miracle Food Marts
246:island of Montreal
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1408:Miracle Food Mart
1277:Kin's Farm Market
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1147:: Saskatoon area)
511:Ivanhoe Cambridge
324:Yucaipa Companies
298:Miracle Food Mart
220:Ivanhoe Cambridge
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147:Miracle Food Mart
72:September 5, 1992
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1205:: Victoria area)
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1137:: Winnipeg area)
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855:Loblaw Companies
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1319:Defunct banners
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1199:Fairway Markets
1175:: Calgary area)
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1141:Saskatoon Co-op
1131:Red River Co-op
1104:Regional chains
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1157:: Regina area)
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1169:Calgary Co-op
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1383:Marché Frais
1341:Sav-A-Centre
805:. Retrieved
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739:17 September
737:. Retrieved
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126:Subsidiaries
99:Headquarters
41:Company type
1403:Steinberg's
1046:(except in
956:Food Basics
868:Extra Foods
807:25 December
333:Ivanhoe Inc
278:hypermarket
265:Grand Union
155:Steinberg's
136:Valdi Foods
55:Supermarket
27:Steinberg's
1458:Categories
1225:: Toronto)
1004:Urban Fare
948:Metro Inc.
577:2009-06-13
567:URBANPHOTO
548:References
439:Price Club
406:franchises
356:Price Club
231:possessive
81:Bankruptcy
1363:Food City
923:Valu-mart
913:SuperValu
893:No Frills
878:Freshmart
454:banners.
209:Expansion
173:Beginning
159:Steinberg
157:(renamed
1398:SaveEasy
1373:HĂ©ritage
1331:Dominion
1249:, &
1027:Foodland
1022:Farm Boy
873:Fortinos
863:Dominion
528:See also
495:HĂ©ritage
448:Dominion
326:in 1994.
179:Montreal
167:bankrupt
117:Products
103:Montreal
51:Industry
1430:Zellers
1326:A&P
1090:Walmart
1059:Safeway
1054:Longo's
1032:FreshCo
966:Super C
918:T&T
898:Provigo
883:Loblaws
503:Super C
499:Provigo
471:Provigo
459:Loblaws
372:Decline
250:Provigo
195:Ontario
143:Ivanhoe
140:Pik-Nik
89:Provigo
69:Defunct
61:Founded
45:Private
1420:Target
1307:&
1293:&
1239:H Mart
1209:Foodex
1085:Costco
1064:Sobeys
1014:Sobeys
761:
199:Ottawa
163:Quebec
111:Canada
107:Quebec
961:Metro
938:Zehrs
483:Metro
386:union
254:Metro
85:Metro
1336:Loeb
1287:Spud
888:Maxi
809:2008
759:ISBN
741:2012
497:and
491:Maxi
469:and
437:and
412:and
252:and
91:and
77:Fate
64:1917
1267:IGA
1044:IGA
487:IGA
477:.
475:IGA
414:IGA
181:by
93:IGA
1460::
1309:ON
1305:BC
1295:AB
1291:BC
1281:BC
1271:BC
1261:ON
1251:ON
1247:AB
1245:,
1243:BC
1233:ON
1223:ON
1213:NL
1203:BC
1193:ON
1183:QC
1173:AB
1155:SK
1145:SK
1135:MB
1125:SK
1048:BC
800:.
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