TORONTO — George Weston Ltd. has begun the process to sell Weston Foods and announced plans to focus on its retail and real estate businesses. This announcement follows a strategic review by the Board of Directors that determined these two pillars will remain the company’s most significant drivers of long-term value creation. Despite its position as a leading North American bakery, Weston Foods remains a small part of the parent company’s overall value.
The sale represents the best opportunity for George Weston Ltd. to unlock its growth potential, according to the company.