Loblaw and George Weston announce spin-out of Loblaw’s interest in Choice Properties.
George Weston to become 65% unitholder of Choice Properties.

Please click here for more information and investor call details.

Founded in 1882, George Weston Limited (“Weston”) is a major Canadian public company, representing Canada’s largest food and drug retail businesses through its control of Loblaw Companies Limited (“Loblaw”) and Loblaw’s recent acquisition of Shoppers Drug Mart. With over 2,300 stores the retail operations reach most Canadians serving their everyday food, health and wellness needs. Through Weston Foods, Weston is one of Canada’s leading bakers, offering a wide selection of fresh and frozen products to the North American market. Weston also controls one of Canada’s largest REITs, Choice Properties REIT.

With over 200,000 employees, Weston is Canada's largest private sector employer.

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Loblaw Companies Limited Shoppers Drug Mart Choice Properties REIT President's Choice Financial Weston Foods Canada

For over 50 years, Loblaw has supplied the Canadian market with products and services through its more than 1,000 stores and Canada's strongest control label program, including President's Choice, no name and Joe Fresh.We also offer the PC points loyalty program. Loblaw employs more than 134,000 full-time and part-time employees, making us one of Canada’s largest private-sector employers.

We are the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart® (Pharmaprix® in Québec). Founded in 1962, the Company has grown to a network of more than 1,253 stores, making us the leader in Canada’s retail drug store marketplace as a provider of health and beauty aids, cosmetics and fragrances, seasonal products and everyday household essentials.

Choice Properties Real Estate Investment Trust is an owner, manager and developer of well located retail and commercial real estate across Canada. Our portfolio spans approximately 36.3 million square feet of gross leasable area and consists of 435 properties. Choice Properties’ strategy is to create value by enhancing and optimizing its portfolio through development, accretive acquisitions and active management.

Simply put, President's Choice Financial® services is all about unprecedented value. In fact, that's what our philosophy has always been about. To achieve this President's Choice team searched the world to bring unprecedented value in everyday banking to Canadians. The result is President's Choice Financial services, complete with the PC MasterCard, no fee daily banking and the PC points rewards program.

Weston Foods specializes in producing and delivering a wide variety of baked goods found in grocery stores, convenience stores, supermarket in-store bakeries and food service outlets. Each day Canadian families start their day with the nutrients supplied by Wonder+, Country Harvest, Gadoua and D'Italiano. Our operations include over 40 facilities across North America manufacturing a range of baked goods products.