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Aug 1, 2017

Metro acquires majority stake in ready-to-cook meal service MissFresh

Metro

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MONTREAL - Grocery store retailer Metro Inc. (MRU.TO) has signed a deal to acquire a majority interest in ready-to-cook meal delivery service MissFresh Inc.

Financial terms of the agreement were not immediately available.

MissFresh was started in Montreal in 2015 by Marie-Eve Prevost, Bernard Prevost and Ritter Huang.

Metro says MissFresh's three co-founders will retain a 30 per cent stake and continue to take an active part in the company's management.