Content about Galen Weston

December 7, 2012
Loblaw Cos. to spin off real estate into REIT

Canada’s Loblaw Cos. Ltd. plans to spin off the vast majority of its property assets into a real estate investment trust.

New York -- Canada’s Loblaw Cos. Ltd. plans to spin off the vast majority of its property assets into a real estate investment trust. The retailer said it plans to spin off real estate worth more than C$7 billion ($7.05 billion) into the REIT and sell units of the trust through an initial public offering that it hopes to complete by mid-2013.

May 15, 2012
Selfridges named Best Department Store in the World

The British department store Selfridges received the “Best Department Store in the World” award at the Global Department Store Summit in Paris.

London -- The British department store Selfridges received the “Best Department Store in the World” award at the Global Department Store Summit in Paris.

Selfridges took the top slot amongst finalists from around the globe, including Macy's and Woolworths (South Africa). The U.K. retailer also won the award, which is given out every two years, in 2010.