Today George Weston Ltd. has announced that the company will be selling it’s Weston Bakery business in a move to focus more on its retail and real estate interests.
Weston Bakery is only a small part of George Weston Ltd.’s overall business, and the company claims this move will help them unlock more of their operations potential.
This sale leaves George Weston with stakes in both Loblaw Companies Ltd. and Choice Properties Real Estate Investment Trust.
In a statement about the sale, Galen G. Weston said that although the bakery business has been an integral part of the company’s business model for 139 years, the move is essential to unlock previously untapped growth potential.
Read more about it here: https://globalnews.ca/news/7713223/george-weston-foods-bakery-sale/