- Business
- George Weston Limited is a Canadian public holding company founded in 1882 and headquartered in Toronto, Canada. The company primarily operates through two key segments: Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw Companies Limited is the largest food and drug retailer in Canada, providing a comprehensive range of products including grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products. Choice Properties is one of the largest diversified real estate investment trusts in Canada, owning, managing, and developing a portfolio of commercial and residential properties across the country.
George Weston also had a historic presence in bakery products through its Weston Foods division, manufacturing bread, rolls, bagels, tortillas, donuts, cakes, pies, crackers, and other baked goods; however, this bakery business was divested with the sale of Weston Foods fresh and frozen bread operations in early 2022 to FGF Brands. The company's food retail business under Loblaw continues to focus on expanding access to affordable, quality groceries and healthcare services, with plans to open approximately 76 new stores and 100 new pharmacy clinics in 2025. Recent strategic moves include Loblaw's agreement with Specsavers Canada to open optical locations inside select grocery stores, leading to the wind-down of Loblaw's Theodore & Pringle optical business.
Additionally, George Weston reported solid financial performance with adjusted diluted net earnings per common share growth of 15.1% in the third quarter of 2025, driven by strong sales growth, new store openings, and improved same-store sales supported by everyday value offerings and customer loyalty programs. Choice Properties also raised its 2025 outlook based on strong tenant demand and financial performance. The company continues to invest significantly in expanding and upgrading its retail store network and distribution centers, reflecting its commitment to long-term growth and operational excellence across its core businesses in Canada. George Weston Limited remains listed on the Toronto Stock Exchange under the ticker WN, maintaining a dominant position in Canadian food retail and real estate sectors.