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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 currently, but has announced plans to divest. 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.
Toronto, ON, M4T 2S7, Canada