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George Weston Limited is a Canadian public company, founded in 1882. George Weston has two operating segments: Loblaw Companies Limited, Canada’s largest food and drug retailer and a provider of financial services, and Choice Properties Real Estate Investment Trust, Canada’s largest and preeminent diversified REIT.
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- Loblaw Companies Limited
Loblaw Companies Limited. Loblaw is Canada's food and...
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George Weston seeks to invest in businesses that generate...
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George Weston's acquisition of a majority ownership of...
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Galen G. Weston Chairman and Chief Executive Officer....
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George Weston Limited, often referred to as Weston or Weston's, is a Canadian holding company. Founded by George Weston in 1882, the company today consists of the Choice Properties real estate investment trust and Loblaw Companies Limited, Canada's largest supermarket retailer, in which it maintains a controlling interest.
George Weston Limited (“George Weston”) is a Canadian public company, founded in 1882. George Weston has two operating segments: Loblaw Companies Limited (“Loblaw”), Canada’s largest food and drug retailer and a provider of financial services, and Choice Properties Real Estate Investment Trust (“Choice”), one of Canada’s largest ...
George Weston Limited is a Canadian public company, founded in 1882 and listed on the Toronto Stock Exchange since January 1928. Today, George Weston’s interests include businesses in retail and real estate through its control of Loblaw and Choice Properties.
- Founding
- W. Garfield Weston
- Second World War
- Loblaw Companies Limited
- Consolidation and Turnaround
- Weston Foods Ltd.
- 2000 to Present
- Bread Price Fixing Scandal
George Weston Limited’s beginnings go back as far as 1882, when George Weston, a Toronto bread salesman and former baker’s apprentice, went into business by purchasing a bread route from his boss. In 1884, he bought out his employer’s bakery. At least four expansions followed as the popularity of Weston’s Real Home-Made Bread grew. In time, Weston ...
W. Garfield Weston became president of George Weston Limited at age 26. He is credited with aggressively expanding and modernizing the company. In 1928, he brought Weston public and purchased William Paterson Limited, a biscuit manufacturer in Brantford, Ontario, and another outside of Boston. Backed by American financiers, he took the business in...
During the Second World War, George Weston Ltd. continued to expand, purchasing more bakeries and biscuit manufacturers. In 1944, it acquired Western Grocers, a wholesale food distributor in the Prairieprovinces that oversaw more than 675 Red and White grocery franchises. But with both Canada and Britain at war, the baking side of the business stru...
After the Second World War, the company embarked on a period of expansion and acquisition. In 1947, it acquired William Neilson Limited, a confectioner that produced chocolate and dairy products. About this time, Weston started buying shares in Loblaw Groceterias, one of the country’s biggest grocery chains. By 1953, Weston had gained controlling i...
The company’s rapid growth had slowed down by the 1970s, when George Weston Ltd. began to reorganize its operations and hired new management. In 1972, with too many small, failing stores and the rapid loss of market share in Ontario, Loblaws faced mounting debt and looming bankruptcy. In an attempt to turn the company around, Garfieldappointed his...
While Loblaw Companies was being overhauled, Galen Weston oversaw a similar consolidation in the food processing and resource sides of the business, opening the Weston Foods subsidiary in 1986. The company reorganized its diverse portfolio of assets while responding to changing economics, including a recession and free trade agreements of the late ...
In 2001, Weston acquired Bestfoods Baking Co. for nearly US$1.8 billion. In 2008, Weston announced the sale of many of its American baking companies, including Bestfoods, to Grupo Bimbo, a Mexican bakery conglomerate, for US$2.5 billion, the biggest deal in the history of George Weston Limited. Also in 2008, Weston sold Neilson Dairy to Saputo Inc....
On 19 December 2017, George Weston Ltd. and Loblaw Companies Ltd. revealed that both companies had participated in a bread price fixing scheme between 2001 and 2015. According to George Weston Ltd., the price fixing arrangement was organized industry-wide, with companies coordinating regular price increases together. Amounting to “consumer fraud” i...
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Oct 26, 2021 · George Weston announced on March 23, 2021 that it decided to sell its bakery segment and to focus on its Retail and Real Estate businesses. The Company expects to return the net proceeds from...
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