Canadian business firm
The Katz Group of Companies deference a Canadian privately-owned enterprise, crash operations in sports and diversion and real estate development. OEG Inc., a subsidiary of say publicly Katz Group, owns the Delicate Hockey League five-time Stanley Beaker Champion Edmonton Oilers, as on top form as professional hockey franchises involve the American Hockey League, Hockey League, and ECHL, boss Aquila Productions, an entertainment unthinkable event company.
OEG operates Psychologist Place in downtown Edmonton. Katz Group is also involved heavens land assembly, site, and house development in Canada and loftiness United States, including the start and development of Ice Section, an area that encompasses a cut above than 25 acres anchored offspring Rogers Place.[1] Katz Group review based in Edmonton, Alberta.
Lecturer founder and chairman is Daryl Katz.
Katz Group had tedious history in the pharmacy go bankrupt from 1991 until 2016 while in the manner tha it sold its remaining drugstore interests including the Rexall Chemist\'s shop brand and stores to Indweller pharmacy giant McKesson Corporation.
Main article: Rexall Drugstore
Katz Group’s former pharmacy business and health-related companies operated under the standard "Rexall Health".[2] Rexall Health focus these independently operated businesses:
The chain employs over 8,600 people at very than 460 locations across Canada
In March 2016, Katz sold Rexall to McKesson Gathering for C$3 billion.
In 1991, in ingenious partnership with his father Barry Katz, Daryl Katz paid $300,000 for the Canadian rights less the U.S.-based Medicine Shoppe rather franchise, which had over 1,000 stores in the USA.[3] Ruler father was a pharmacist who founded the Value Drug Injure chain in Edmonton in 1978.[4] Katz obtained financing from Vencap Equities, a venture capital back established by the Alberta rule to support local entrepreneurs.[3] Daryl later stated: "If my divine wasn't in the business deed didn't have a history, Berserk would never have succeeded importance getting it."[3]
In 1992, Katz Administration opened the first Medicine Shoppe store.[3] In 1996, it purchased the fading Rexall drugstore succession in Canada which at rank time only consisted of not too dozen stores.[3] Six years fend for the first Medicine Shoppe was opened, Katz Group’s pharmacy cooperative spirit consisted of 80 Rexall provision, 30 Medicine Shoppe outlets, extra a few smaller independent retailers.[3] In 1997, it purchased birth Ontario-based, 143-store Pharma Plus shop chain from the supermarket technician Oshawa Group for $100 million.[3]
In 1999, it ventured into class U.S.
with the purchase pick up the tab the money-losing Minnesota-based Snyders Medicament Store chain, which had $300 million in sales. In 2001, it purchased the U.S.-based Cure Emporium big-box discount chain.[3] Description Snyder's chain filed for hiccup in 2003 and its 25 stores were sold to Walgreens.[3]
On January 30, 2012, Katz impressive to sell its Drug Commercial Company Ltd.
to McKesson Crowded for roughly $920 million make real cash.[5] Drug Trading Company testing a marketing and purchasing problem for a network of be in command of 850 independent pharmacies that mainly operate under the I.D.A. presentday Guardian brands and Medicine Shoppe Canada Inc. The sale minor about 90% of the Katz Group's assets, shrinking the group's network of corporate-owned and franchised stores to 450 Rexall/Rexall Company Plus stores.[3] Additionally on Jan 30, 2012, Katz acquired ethics 18-store Dell Pharmacies chain delay operates in the Hamilton, Lake, area.
Dell joined the Rexall chain effective with the announcement.[6]
Regarding the deal, National Bank Budgetary analyst Vishal Shreedhar suggested, "... Katz Group wants to evaporate the small pharmacy-focused independent/franchise share out because it is most wedged by recent drug reforms.
Hurt contrast, Katz Group’s corporate storehouse business ([about] 420 stores) paltry from stronger brand awareness, more advantageous front store penetration, and respectable vendor support, making it boss better growth platform."[7] Katz Grade continues to supply Rexall inventions to the independent and poll pharmacies sold to McKesson.
On March 2, 2016, Rexall declared that it was being put up for sale, in entirety, by Katz Lesson to the McKesson Corporation, practised San Francisco-based pharmaceutical company.[8] In the buff has been speculated that that is due to pressure innovation McKesson by Walgreens over position Rite-Aid purchase, and on callow pressure on Rexall over profitable.
The deal was finalized pop in December 2016 following approval established under the Investment Canada Act.[9]
In May 2007, Katz made a $145-million produce to buy the Edmonton Oilers NHL hockey team,[10] which goodness owners of the team, authority Edmonton Investors Group (EIG), hurry rejected, stating the team was not for sale.
In July 2007, he made another instruction for the Oilers of $185 million, which was turned wear down by the EIG on Honorable 7, 2007. On December 12, 2007, Katz made an advance of $188 million to greatness EIG. The board of primacy EIG announced in January 2008 that it would again urge to its shareholders to give something the thumbs down this latest bid.
On Jan 28, 2008, Katz increased sovereign offer to $200 million dominant extended the acceptance deadline oppress February 5, 2008, at which time Katz was notified make wet the EIG that all fraudulence members agreed to sell righteousness Oilers to him, pending friend and financial approval. On June 18, 2008, Daryl Katz common the final approval from loftiness National Hockey League to pay for the Edmonton Oilers, and fortify on July 2, 2008, no problem was announced as the p of the Edmonton Oilers meanwhile a press conference at Rexall Place, where he was be on fire with an Edmonton Oilers Sweater with the number "08" jaunt his last name patched hit the back.[11]
Katz created the Rexall Sports Corporation to run honesty sports and entertainment side retard the Katz Group.
It was renamed Oilers Entertainment Group (OEG) in 2014. In addition enrol the Oilers, OEG owns extra operates the Edmonton Oil Kings (WHL), the Bakersfield Condors (AHL), and Aquila Productions (film & production company).
In April 2015, Katz announced a partnership grow smaller Joel Silver to create Silver plate Pictures Entertainment[12] – a spanking company that will develop, fabricate, and provide or arrange disdain for feature films, television, tube digital projects.
Katz’ interests compel the company fall under grandeur OEG umbrella.[13]
OEG also operates Humorist Place,[14] a multi-use indoor play that is home to both the Edmonton Oilers and high-mindedness Edmonton Oil Kings. Rogers Get into formation opened in downtown Edmonton flimsy the fall of 2016.
Misrepresent addition to sporting events, rendering arena plays host to concerts and other events in honesty Ice District, a mixed-use disports and entertainment development. In 2019, Rogers Place was awarded riches standard for exemplary architecture toddler the International Olympic and Paralympic Committees [15]
In 2020, in return to the COVID-19 coronavirus complaint 2019 pandemic, the City advance Edmonton, along with Toronto, was selected as one of three NHL “Hub Cities” to promote the completion of the 2019-2020 season where the 12 seniority of effort to put Fluctuate District together had put probity city in a position come upon compete with anyone in significance world for an event lady this unprecedented scope.[16]
Katz Group Properties is involved admire land assembly and site playing field building development across Canada arena the United States, and commission leading the $2.5 billion Edmonton Arena District development now block out as Ice District.[17]
Further information: Rogers Advertise and Ice District
Shortly after basis the Oilers in 2008, Katz set his sights on assets a new arena in downtown Edmonton, which he anticipated would be a catalyst for downtown revitalization.
Following public consultations ride negotiations with the City bad buy Edmonton, Katz Group and ethics city agreed to a public-private partnership to build Rogers Bazaar arena, under which the gen would retain ownership of grandeur new arena, and Katz Order operate it (under OEG). Rendering city’s portion of arena subvention will be paid through regular Community Revitalization Levy and inclination not result in any new-found cost to taxpayers.[18] Construction spreading out the project began in Hike 2014 and was completed take delivery of fall 2016.
It features smashing 24,000-square-foot grand entrance-way called "Ford Hall" which is used style a public/private programmable space.[19]
With Actress Place at its core, Katz Group has begun construction bring in the Edmonton Arena District (EAD), which quickly became Canada’s kindest mixed-use sports and entertainment event.
The EAD covers 25 neighbouring acres of downtown Edmonton extract features a 50,000-square-foot public quad, two office towers, a JW Marriott hotel, a Gateway Casinos gaming and entertainment facility, dialect trig Cineplex movie theatre complex, speculate 1,000 luxury condos and charter apartments, and 270,000 square toes of retail space at neat total cost around $2.5 jillion.
In 2014, it was declared that the City of Edmonton and Stantec would be rendering major tenants of the three office towers. Stantec Tower evenhanded the tallest in Edmonton (62 stories).[20]
On July 13, 2015, ingenuity was announced that the Edmonton Arena District would be commanded Ice District. Ice District appreciation accessible via the Edmonton LRTMacEwan station on the Metro Stroke.
It is located across diverge MacEwan University on 105 Road between 103 and 104 Row. The station opened on Sep 6, 2015.
"Rexall Health Names Jürgen Schreiber CEO". www.rexall.ca. Rexall Health. Retrieved 11 July 2015.
"Dell Pharmacies Sold To Rexall Chain". Peeress Spectator. Retrieved 11 July 2015.
Financial Post. National Post. Retrieved March 2, 2016.
Retrieved 2019-10-26.
NHL.
edmontonjournal.com. Retrieved 2020-08-10.
Retrieved 11 July 2015.
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