George Weston Limited

What does George Weston Limited own?
George Weston Limited owns a majority stake in Loblaw Companies Limited (Canada's largest food and pharmacy retailer, operating Loblaws, Real Canadian Superstore, No Frills, Shoppers Drug Mart, Pharmaprix, and brands including President's Choice and No Name) and a significant stake in Choice Properties Real Estate Investment Trust (one of Canada's largest REITs with grocery-anchored properties). The company divested Weston Foods in 2022 and is selling PC Financial to EQB Inc. in 2026.

Is George Weston Limited publicly traded?
Yes, George Weston Limited is listed on the Toronto Stock Exchange under ticker WN. The Weston family maintains control through a dual-class share structure that provides enhanced voting rights to family-held shares. The company has been publicly traded for many decades.

What is George Weston Limited's annual revenue?
For fiscal year 2025 (ended December 31, 2025), George Weston reported revenue of CAD $64.5 billion, up 6.2% from CAD $60.7 billion in FY2024. Adjusted EBITDA was CAD $7.6 billion, up 7.5%. Net earnings were CAD $1.1 billion ($2.80 per common share), down 16.5% due to the unfavourable year-over-year impact of the fair value adjustment of the Trust Unit liability. Adjusted net earnings were CAD $1.7 billion, up 9.0%.

Who is the CEO of George Weston Limited?
Galen G. Weston serves as Chairman and Chief Executive Officer. Richard Dufresne serves as President and CFO. Under Weston's leadership, the company reported strong FY2025 results with Loblaw gaining customers and Choice Properties benefiting from tenant demand.

When was George Weston Limited founded?
George Weston Limited was founded in 1882 by George Weston as a small bakery business in Toronto, Ontario. The company has grown from a single bakery to one of North America's largest food and retail companies, with the Weston family maintaining control throughout its 140+ year history.

What happened to Weston Foods?
George Weston divested Weston Foods, its bakery and food processing segment, in 2022. This simplified the company's business mix to two operating segments: Loblaw Companies Limited (grocery and pharmacy retail) and Choice Properties REIT (real estate).

George Weston Limited was founded in 1882 by George Weston as a small bakery business in Toronto. The company grew throughout the late 19th and early 20th centuries, expanding its baking operations and establishing itself as a major Canadian food processor.

In 1947, George Weston acquired Loblaw Companies Limited, bringing Canada's largest food retailer under Weston family control. This acquisition marked the company's transformation from a food processor to a diversified food and retail conglomerate.

Throughout the 20th century, George Weston expanded through acquisitions and organic growth, diversifying its food processing operations and retail footprint. The company established Choice Properties Real Estate Investment Trust to manage its real estate portfolio.

In 2022, George Weston divested Weston Foods, its bakery and food processing segment, to focus on its core retail and real estate operations. This simplified the company's business mix to two operating segments: Loblaw and Choice Properties.

In December 2025, Loblaw entered into a definitive agreement with EQB Inc. to sell President's Choice Bank (PC Financial) for consideration including 7.2 million EQB shares and cash. The closing is expected to occur within calendar 2026, subject to regulatory approvals. PC Financial's results have been classified as discontinued operations in the company's FY2025 financial statements.

PC Financial sale: In December 2025, Loblaw announced the sale of PC Financial to EQB Inc. The divestiture of the banking business drew attention to Loblaw's strategic focus on core retail operations.

Grocery pricing and food inflation: Loblaw has faced public scrutiny over grocery pricing, particularly during periods of food inflation in Canada. The company has been a target of consumer criticism and regulatory attention regarding pricing practices.

Dual-class share structure: The Weston family's control through dual-class shares has drawn periodic criticism from governance advocates who argue it limits shareholder democracy.

Competitive practices: Loblaw has faced regulatory scrutiny regarding competitive practices in the Canadian grocery market, including supplier relationships and pricing.