Loblaw Cos. to buy Shoppers Drug Mart for $11.9B

Canada's Loblaw will acquire pharmaceutical chain Shoppers Drug Mart for $11.9 billion in cash and stock, the companies said Monday. Loblaw, which launched its first store 94 years ago and today operates more than 1,000 retail outlets in Canada, is owned by a Toronto family that also owns Selfridges and Fortnum & Mason in the UK, Holt Renfrew in Canada and Brown Thomas in Ireland. The deal gives Loblaw an increased presence in Canada's urban areas, as many of Shoppers' 1,240 stores are in inner cities.

View Full Article in:

New York Times (tiered subscription model), The · Reuters · Bloomberg

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Director of Store Operations
BevMo!
Concord, California
Financial Auditor II
BJ's Wholesale Club
Westborough, Massachusetts
Area Director - Specialty Retail, Multi-unit
The Container Store
Chicago, Illinois
Manager Stores & Systems Planning-137194-
Gap Headquarters
SAN FRANCISCO, California
Director of Fuel Programs
The Exchange
AAFES HQ, Dallas, Texas