TSX:CHP.UN - Post by User
Post by
junglejameson Dec 24, 2021 8:35am
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Post# 34260403
from today's G&M (behind the paywall)
from today's G&M (behind the paywall) .... a few paragraphs from the article:
This has been a transformative year for the billionaire Weston family’s businesses, with a series of changes that have shaken up the leadership of the retail empire and jettisoned assets with deep roots in its history.
As 2021 comes to a close, the family has finalized a deal to sell British department store operator Selfridges Group, letting go of the bulk of its luxury-retail operations except for Holt Renfrew.......
The $1.1-billion sale of the fresh and frozen bakery business to Toronto-based FGF Brands Inc. closed this month. The company has agreed to sell the rest of the operation, which produces cookies, crackers, cones and wafers for retail and food service businesses, to Illinois-based Hearthside Food Solutions LLC for $370-million. Executives decided that George Weston Ltd. would focus on its core retail and real estate operations, Mr. Weston has said. But in a statement announcing the first deal in October, he acknowledged the piece of family history going out the door.