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George Weston Ltd

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Company Profile

Business Description

George Weston is a holding company that operates through three subsidiaries encompassing retail, real estate, and consumer goods. The first is Loblaw, the largest grocer in Canada, in which it has a 52% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 63%. The third is Weston Foods, a North American bakery, which the firm wholly owns. While all three are separate entities, they operate under a contractual, as well as tacit, framework of strategic business partnerships. This is exemplified by Loblaw being Choice’s largest tenant. Consolidated sales come almost entirely from Canada, with Weston Foods being the only operator that generates revenue (more than 50% of its mix) from the U.S.

Contact
22 St. Clair Avenue East, Suite 1901
Toronto, ON, M4T 2S7, Canada
T +1 416 965-5433
Sector Consumer Defensive
Industry Grocery Stores
Most Recent Earnings Mar 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 194,000