Quality Foods sold to Jim Pattison
QUALICUM BEACH — Longstanding Vancouver Island grocery store chain Quality Foods (QF) has been sold to billionaire Jim Pattison.
Quality Foods founders John Briuolo and Ken Schley made the announcement Friday, in a transaction involving 13 stores and a little more than 1,000 employees.
Schley said current upgrades and future QF expansion requires more capital backing, which isn’t possible without new ownership.
“There’s no better person than somebody who’s got the wherewithal to do it,” Schley said. “We quite frankly are going to get tapped out in order to do the best job that we want to do.”