Embattled billionaire Galen Weston Jr. will be stepping down from his role of Canada’s reigning grocery czar as Loblaw CEO, announced in a bombshell news release on Tuesday morning.

Loblaw CEO Galen Weston Jr. has been named among Macleans’ list of Canada’s most powerful individuals for the year 2023.

Galen Weston Jr., president of grocery giant Loblaw, has been crowned one of the richest people in Canada. Maclean’s revealed its list of Canada’s Richest People on Thursday. In partnership with Canadian Business, the ranking “takes a fresh look at the uber-wealthy in this country.”

Some Canadian shoppers could cash in on part of a massive bread price-fixing class-action settlement from Loblaw. Law firms Strosberg Wingfield Sasso LLP and Orr Taylor LLP announced on Tuesday that a $500-million settlement agreement with George Weston Limited and Loblaw Companies Limited was executed on Jan. 31, 2025, to settle nationwide class-action lawsuits against them related to industry-wide price fixing for certain packaged bread products.

Canadians who are participating in the month-long boycott against Loblaw stores have decided on a slogan. “Nok er nok,” which loosely translates to “enough is enough” in Loblaw CEO Per Bank’s native tongue, Danish, seems to have inspired participants after the grocery executive used it in a statement reportedly shared with Loblaw employees on April 22.

Loblaw Companies Ltd. CEO Galen Weston Jr., who has emerged in recent months as the face of runaway food price inflation at major Canadian grocery chains, has reportedly agreed to appear before federal politicians and stakeholders to answer what will likely be some tough, awkward questions.

As Toronto residents grapple with the soaring cost of living and rising food inflation, grocery giants, including Loblaws, continue to face criticism for reasons ranging from the outrageous profits raked in by its shareholders to its exorbitantly priced items.

A house in Vancouver has been transformed into a haunting “Grave-on-Foods” where the scariest thing imaginable is inflation.

Chicken breast prices have been the talk of Toronto recently after Loblaws was caught selling a pack of four for a ridiculous price of $40.