George Weston Limited

George Weston Limited

George Weston Limited

Company type	Public
Traded as	TSX: WN
Industry	Retail
Founded	1882
Founder	George Weston
Headquarters	Toronto, Ontario, Canada
Key people	Galen G. Weston (Chairman and CEO)
Revenue	CA$ 48.6 billion (2019)
Operating income	CA$ 2.2 billion (2019)
Net income	CA$ 1.6 billion (2019)
Total assets	CA$ 43.2 billion (2019)
Total equity	CA$ 13.8 billion (2019)
Number of employees	200,000 (2019)
Parent	Loblaw Companies Limited
Website	georgewestonlimited.ca

George Weston Limited is a Canadian retail company founded in 1882 by George Weston. It is headquartered in Toronto, Ontario, Canada. The company is publicly traded on the Toronto Stock Exchange under the ticker symbol TSX: WN.

Overview

George Weston Limited operates through its various subsidiaries in the retail industry. The company's primary subsidiary is Loblaw Companies Limited, one of the largest food and pharmacy retailers in Canada. Loblaw operates a network of grocery stores, pharmacies, and other retail outlets across the country.

History

George Weston Limited was established in 1882 by George Weston, who started a bakery in Toronto. Over the years, the company expanded its operations and diversified into various sectors of the retail industry. In 1947, George Weston Limited acquired Loblaw Groceterias, which eventually became its primary subsidiary.

Leadership

The current Chairman and CEO of George Weston Limited is Galen G. Weston. He has been leading the company since 2006 and has played a significant role in its growth and success.

Financial Performance

In 2019, George Weston Limited reported a revenue of CA$

48.6 billion, operating income of CA$
2.2 billion, and net income of CA$
1.6 billion. The company's total assets were valued at CA$
43.2 billion, with equity amounting to CA$
13.8 billion. As of 2019, George Weston Limited employed approximately 200,000 people.

External links

• Official website