Loblaw Companies Acquires Shoppers Drug Mart For $12.4 billion, Brand To Remain Independent

July 15, 2013


LoblawTwo major Canadian brands are joining forces today as Loblaw announced its plans to acquire Shoppers Drug Mart for $12.4 billion in a cash and stock deal. Not bad considering combined the two companies earned revenues in excess of $42 billion in 2012.

 “This transformational partnership changes the retail landscape in Canada. With scale and capability, we will be able to accelerate our momentum and strengthen our position in the increasingly competitive marketplace,” said Galen G. Weston, Executive Chairman of Loblaw.  “This combination creates a compelling new blueprint for the future, positioning us to capitalize on important trends in society, from the emphasis on health, wellness and nutrition, to the imperatives of value and convenience.”

Loblaw has said that Shoppers Drug Mart will retain its name and brand, and operate as a separate division under and expand its product offerings to include Loblaw’s private label and convenience food.

 

 


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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 15 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses.
He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.

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