Friday, July 29, 2011

Weston Family Buying Ogilvy Department Store. Loblaw, Weston, and Holt Renfrew Owners Expanding Selfridges in Canada

Canada's Weston family, the controlling shareholders of Loblaw Companies Ltd. (TSE: L) and George Weston Ltd. (TSE: WN), are buying the Ogilvy luxury department store in Montreal. This store will be a great addition to the family's growing international portfolio of high-end retail / fashion stores.

The Weston family operates its department stores under the corporation Selfridges Group Ltd., which is headed by the family patriarch Galen Weston

Selfridges also owns a number of other retailers:
Holt Renfrew in Canada (founded 1837, nine stores).
Selfridges in the U.K. (founded 1909, four stores).
Brown Thomas in Ireland (founded 1849, seven stores).
De Bijenkorf in Holland (founded 1870, 12 stores).

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