TORONTO, Feb. 1 /CNW/ - On January 1, 2011, George Weston Limited
("Weston") and Loblaw Companies Limited ("Loblaw"), along with all
publicly accountable companies in Canada, adopted International
Financial Reporting Standards (IFRS). IFRS are a set of accounting
standards, developed by the International Accounting Standards Board
(IASB), that are becoming the global standard for the presentation of
public company financial statements.
Weston and Loblaw will be hosting a joint session for users of their
consolidated financial statements on March 3, 2011 at 2 p.m. to discuss
the main changes and impacts that the transition to IFRS will have on
their consolidated financial statements and notes to the consolidated
financial statements. A live question-and-answer session with equity
analysts will follow the discussion.
To access via tele-conference please dial (647) 427-7450. The playback
will be made available two hours after the event at (416) 849-0833,
access code: 40977519.
Access to audio webcast and presentation materials will be available in
the "Investor Zone" section of www.loblaw.ca. Pre-registration for audio webcast will be available.
About George Weston Limited
George Weston Limited is a Canadian public company founded in 1882 and
through its operating subsidiaries constitutes one of North America's
largest food processing and distribution groups. Weston has two
reportable operating segments: Weston Foods and Loblaw, which is
operated by Loblaw Companies Limited. The Weston Foods operating
segment is primarily engaged in the baking industry within North
America. Loblaw is Canada's largest food distributor and a leading
provider of general merchandise, drugstore and financial products and
About Loblaw Companies Limited
Loblaw Companies Limited, a subsidiary of George Weston Limited, is
Canada's largest food distributor and a leading provider of drugstore,
general merchandise and financial products and services. Loblaw is one
of the largest private sector employers in Canada. With more than 1,000
corporate and franchised stores from coast to coast, Loblaw and its
franchisees employ over 138,000 full-time and part-time employees.
Through its portfolio of store formats, Loblaw is committed to
providing Canadians with a wide, growing and successful range of
products and services to meet the everyday household demands of
Canadian consumers. Loblaw is known for the quality, innovation and
value of its food offering. It offers Canada's strongest control
(private) label program, including the unique President's Choice® no
name® and Joe Fresh Style® brands. In addition, the Company makes
available to consumers President's Choice financial services and offers
the PC points loyalty program.
SOURCE Loblaw Companies Limited
For further information:
Geoffrey H. Wilson
Senior Vice President, Financial Services and Investor Relations
Vice President, Investor Relations