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- Shifts at Imasco may spur SDM sale
- WILLOWDALE, Ontario -- The ownership of Shoppers Drug Mart Ltd. SDM, Canada's largest pharmacy chain, may be put in play as a result of changes in the strategy of London-based British American Tobacco PLC BAT, owner of 42% of the shares of SDM's parent company, Imasco Ltd. Early this...
- Research articles 1999-06-28
- Innovation propels SDM
- WILLOWDALE, Ontario -- Shoppers Drug Mart SDM chairman and chief executive officer David Bloom claims that 1999 is to be a year of consolidation for the retailer. Then he recites the projects it has under way or in mind for this year. At a company less committed to change and...
- Research articles 1999-04-26
- SDM's tradition of giving is augmented by Bloom
- WILLOWDALE, Ontario -- "We give to improve the quality of life in the community. As corporate citizens who have benefited by sewing these communities, we could not do less." Those words were spoken by David Bloom as he was opening the Shoppers Drug Mart Omnimax Theatre in Toronto in November...
- Research articles 1999-01-04
- The U.S. foodservice industry looks abroad
- Foreign firms are also gaining ground in U.S. markets by purchasing U.S. foodservice firms. Burger King, once U.S.-owned, is now a foreign-owned chain.Investment Abroad Has Grown Dramatically for U.S. Restaurant ChainsIn 1993, the latest year for which industry-wide data are available, there were 10 U.S. foodservice firms with 76 foreign...
- Research articles 1996-05-01
- SDM sees 'modest' gain for first quarter earnings
- MONTREAL -- Given Canada's depressed retail environment, Shoppers Drug Mart "did very well" in turning in a "modest" increase in first quarter operating earnings, $16.9 million Canadian versus $16.8 million in the prior-year period, said Purdy Crawford, chairman and ceo of Imasco Ltd., Shoppers' parent company. "After adjusting for...
- Research articles 1991-06-10
- Peoples and SDM perform well
- Peoples and SDM perform well MONTREAL - Shoppers Drug Mart and Peoples Drug Stores continue to bolster the growth of patent company Imasco Ltd., said chairman, president and chief executive officer Purdy Crawford at the Canadian conglomerate's annual meeting early this month. Craford's remarks were underscored by increases...
- Research articles 1990-05-21
- Some corporate owners are facing threats to holdings
- Some corporate owners are facing threats to holdingsProposed legislation, if enacted, could force Thrifty parent Pacific Enterprises to sell its nonutility operations CDR Roundup--As drug chains continued to be strong performers for their corporate owners in 1989, the biggest news surrounding these operations is rumblings that certain parent companies...
- Research articles 1990-04-23
Additional Resources
- CKE Restaurants Inc. to acquire Hardee's, roll out Carl's Jr. brand - from Imasco Ltd
- ANAHEIM, Calif. -- In a move that could propel Carl's Jr. from being a strong regional player to a national powerhouse, the chain's parent, CKE Restaurants Inc., based here, has agreed to acquire the struggling 3,152-unit Hardee's chain from Montreal-based Imasco Ltd.
- Research articles 1997-05-05
- Imasco sale puts SDM on the block
- MONTREAL -- British American Tobacco PLC BAT has ended months of speculation, announcing that it will pay nearly $7 billion all figures are in Canadian currency for the 58% of Imasco Ltd. it does not already own. The move, which had been rumored to be in the works since...
- Research articles 1999-08-16
- Ex-Imasco exec dies
- TORONTO -- Norman Latowsky, a well-known and much liked leader in the Canadian pharmacy and retail worlds, died here on April 30. Latowsky and the late Paul Par, then chairman, president and chief executive officer of Imasco Ltd., were the principal architects of the deal that in 1978 saw...
- Research articles 2004-05-24
- BAT ups offer for Imasco
- TORONTO -- As a result of the price achieved for Shoppers Drug Mart SDM, British American Tobacco indicates that it is willing to offer shareholders of Imasco Ltd. -- the drug chain's corporate parent -- $41.60, up from the minimum $40 a share it established in a "going private" deal...
- Research articles 1999-12-06
- Peoples is not for sale: Bloom
- Peoples is not for sale: Bloom Denies published reports questioning chain's future under Imasco WILLOWDALE, Ontario -- Imasco Ltd. has "no interest in selling" Peoples Drug Stores, its U.S. drug store retail division, David R. Bloom, chairman and ceo of Imasco Drug Retailing Group, told...
- Research articles 1989-12-11
- Goldsmith will end pursuit of B.A.T
- Goldsmith will end pursuit of B.A.T LONDON - Sir James Goldsmith, in a move that was neither surprising nor unexpected, recently announced that he will end his nine-month pursuit of B.A.T Industries PLC. The decision by Goldsmith and his bidding group, Hoylake Investments, ended what would have been the...
- Research articles 1990-05-21
- SDM invigorated by its new status
- WILLOWDALE, Ontario--Six months after an investment consortium led by Kohlberg Kravis Roberts & Co. bought Shoppers Drug Mart SDM, Canada's largest drug chain, from Imasco Ltd., the diversified Montreal-based holding company, SDM executives are relishing the retailer's stand-alone status. "We had a great relationship with Imasco management," comments David...
- Research articles 2000-08-28
- Coutu: 'If Shoppers is for sale, we're interested'
- LONGUEUIL, Quebec -- Jean Coutu set off a minor stir in Montreal late last month when he flatly declared that the Jean Coutu Group drug chain had held discussions focusing on the possible acquisition of much larger Shoppers Drug Mart. Shoppers Drug is owned by Canadian conglomerate Imasco Ltd.,...
- Research articles 1999-08-02
- Coutu: 'If Shoppers is for sale, we're interested'
- LONGUEUIL, Quebec--Jean Coutu set off a minor stir in Montreal late last month when he flatly declared that the Jean Coutu Group drug chain had held discussions focusing on the possible acquisition of much larger Shoppers Drug Mart. Shoppers Drug is owned by Canadian conglomerate Imasco Ltd., which itself...
- Research articles 1999-08-02
- CKE reportedly set to acquirer Hardee's - CKE Restaurants Inc. rumored to be interested in Hardee's Food Systems Inc - Brief Article
- ANAHEIM, Calif. -- Industry speculation quickly is gathering steam that acquisition-hungry CKE Restaurants Inc., parent of the 650-unit Carl's Jr. chain, is in negotiations to purchase the struggling Hardee's chain from Canadian-based parent Imasco Ltd.
- Research articles 1997-04-28
- Shoppers Drug Mart operating earnings up 11%
- Shoppers Drug Mart operating earnings up 11% MONTREAL--While Peoples Drug Stores was taking its final bows as an Imasco Ltd. division, Shoppers Drug Mart Inc. was making another solid contribution to its parent's coffers during the quarter ended September 30. The Toronto-based drug store franchisor posted operating earnings...
- Research articles 1990-12-10
- SDM profits up by 24% in 2nd qtr
- SDM profits up by 24% in 2nd qtr. MONTREAL--Imasco Ltd., which is severing its ties to the U.S. drug store market through the impending sale of the Peoples division, reported robust results for its Canadian unit during the quarter and six months eneded June 30. Second quarter operating...
- Research articles 1990-08-27
- SDM records 22.5% advance in operating profits
- WILLOWDALE, Ontario -- Despite a 0.2% downturn in revenues ensuing from the transfer of company-owned stores to franchisees, Shoppers Drug Mart SDM posted a 22.5% advance in operating profits during the third quarter of 1998. Corporate parent Imasco Ltd. saw profits from its drug store subsidiary climb to $49...
- Research articles 1998-11-09
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