Loblaw Companies Limited acquires Shoppers Drug Mart Corporation (2024)

FAQs

Did Loblaws buy out Shoppers Drug Mart? ›

Loblaw Companies Limited completed the acquisition of Shoppers Drug Mart Corporation for $12.4 billion in cash and stock, bringing together the nation's number one grocery retailer and its number one pharmacy and beauty retailer. The deal was announced in July 2013.

On July 15, 2013, Loblaw Companies announced that it would acquire Shoppers Drug Mart for $12.4 billion, pending shareholder and regulatory approval. The deal was approved by the Competition Bureau on March 21, 2014, and completed on March 28, 2014.

Headquartered in Brampton, Ontario, Loblaws is a subsidiary of Loblaw Companies Limited, Canada's largest food distributor.

George Weston Limited

Loblaw Companies / Parent organization

Boycotters looking for grocery chain to decrease prices

This means they are refusing to shop at stores owned by the company. They say the boycott is in protest of Loblaw continuing to increase its prices despite the continued high cost of living for Canadians. Loblaw says it already takes steps to combat high prices.

In the early days, Shoppers Drug Mart secured brands not typically sold in the mass market because its stores didn't overlap with department stores or specialty boutiques. Today, the retailer maintains customer loyalty and an upscale ambiance so that brands have no issue existing under a Shoppers Drug Mart roof.

In 1972, Shoppers partnered with supermarket and discount department store operator Steinberg Inc. to launch the Pharmaprix chain in Quebec (Steinberg owned its portion until 1980). Shoppers expanded into the United States in 1974, when it opened a store in Palm Beach Gardens, Florida.

Shoppers Drug Mart is Canada's leading pharmacy retailer with more than 1,300 pharmacist-owned locations across the country.

As Canada's largest integrated network of pharmacies, McKesson Canada encompasses some of the most recognized pharmacy brands in the industry. These brands, include corporately owned Rexall, Well.ca, and independent pharmacy banners Guardian, I.D.A., Remedy'sRx, The Medicine Shoppe, Uniprix, and Proxim.

Canada: leading food retailers 2022, by market share

In 2022, Loblaws held the top spot with an estimated 29 percent share of the grocery retail industry in Canada.

What family owns Loblaw? ›

It is controlled by George Weston Limited, a holding company controlled by the Weston family; Galen G. Weston is the chair of the Loblaw board of directors, as well as chair of the board of directors and CEO of Canada-based holding company George Weston.

The Canadian assets of Safeway are fully owned and operated by Sobeys Inc. President of Sobeys Inc. Western Canada: Jason Potter. Safeway employs over 28,000 Canadians.

Loblaw Groceterias expands throughout Ontario and into New York State, forming an American company headquartered in Buffalo.

Willard Galen Garfield Weston (born December 19, 1972), known as Galen Weston Jr. or Galen G. Weston, is an Irish-Canadian businessman and a member of the Weston family. He is chairman and chief executive officer (CEO) of George Weston Limited, and executive chairman and president of Loblaw Companies Limited.

Depending on the size of the store, Profitable Venture recommends that you budget for up to $250,000 for a small independent grocery store; over $300,000 for a medium-sized business, and over $1 million for a large building. On top of that, let's assume that you franchise the Loblaw or Sobeys brand.

Our family includes: Atlantic Superstore^TM, Dominion^®, Loblaws^®, Maxi^®, No Frills^®, Provigo Le Marché^®, Valu-Mart^TM, Real Canadian Superstore^®, Wholesale Club^TM, Your Independent Grocer^TM and Zehrs^TM.

He lived at York Mills and Bayview in Toronto, Ont., just a stone's throw away from a Koffler's Drug Store (the former name of Shoppers Drug Mart).

On September 28, 2009, Loblaws Inc., a subsidiary of Loblaw Companies Limited, completed the purchase of T&T Supermarket Inc. for the purchase price of $225 million (subject to certain adjustments).

In 2022, Loblaws held the top spot with an estimated 29 percent share of the grocery retail industry in Canada. Walmart, which is an American multinational retail company, owned roughly eight percent of the Canadian market.