Sobeys Inc. is planning a major shakeup of its IGA stores in Ontario that will see most of them re-emerging under the Sobeys, Foodland or Price Chopper banners. Craig Gilpin, president of Sobeys Ontario, told IGA franchisees in a confidential letter obtained by CBC News Online that he plans to convert most IGA stores in Ontario to the Sobeys' brands. As part of the corporate reorganization, Sobeys is offering to buy out any of the IGA independent franchisees who do not wish to convert their stores to the new corporate look. "All IGA franchisees will be offered the option to sell their business to Sobeys according to a fair-value, buy-out formula," Gilpin said. But Sobeys says it will continue to honour its franchise agreement with any IGA independent franchisees who want to keep their IGA brand. Under a major re-organization, Sobeys is converting its stores to five formats.