George Weston Ltd. to sell Weston Foods bakery business

The sale of the bakery business will leave George Weston with its majority stake in Loblaw Companies Ltd. and a large interest in Choice Properties Real Estate Investment Trust. Galen G. Weston, George Weston’s chairman and chief executive, said Weston Foods has been at the core of the company for 139 years. “It has a strong foundation, attractive and growing margins, a robust list of customers, strong brands, and a first-rate management team,” he said in a statement.
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