George Weston Ltd
Company Profile
Business description
George Weston is a holding company that controls majority stakes in retailer Loblaw and in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages over 700 commercial and residential properties in Canada, generating roughly 60% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.
Contact
22 St. Clair Avenue East
Suite 800
TorontoONM4T 2S5
CANT: +1 416 922-2500
Sector
Consumer Defensive
Stock type
Defensive
Industry
Grocery Stores
Fiscal Year End
Employees
220,000
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