George Weston Ltd. - Preferred Share Update
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George Weston Inc.(WN) operations include a 50.8% ownership of Loblaw Companies Limited(L), Weston Foods(a private company) and Choice Properties REIT. George Weston Inc.(WN) now directly owns 65.4% (2017 – 89%) of Choice Properties REIT after a re-organization in Nov-2018 that resulted in Loblaw's 60% interest in Choice Properties REIT being transferred to George Weston Inc.
Loblaws now has two operating segments Retail and Financial Services. Until Nov-2018 Loblaws directly owned 61% of Choice Properties REIT. Loblaws contributed 97% of George Weston annual revenues excluding income from Choice Properties REIT. Loblaws provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services.
Choice Properties REIT
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