TORONTO, Feb. 15 /CNW/ - McLean Watson Investments Ltd. is pleased to
announce that it has acquired a controlling stake in William Ashley
Loudon Owen, Managing Partner of McLean Watson, has been appointed Chief
Executive Officer of William Ashley. Karen McGuire has been appointed
President, bringing over 30 years of experience in the retail trade
"We are thrilled to be associated with this iconic retailer and its
extraordinary brand," said Loudon Owen.
"William Ashley has one of the most important brands and histories in
Canadian retail. The last few years have been challenging for
retailers, but we now look ahead to a robust retail industry and a
revitalized business. We thank our customers, suppliers and employees
for their support for over 60 years, and look forward to both retaining
our leadership position, and growing the business," said Karen McGuire.
William Ashley is Canada's leading retailer of fine china, crystal,
silver, tableware and unique gifts. It was established in 1947, and it
headquartered at its flagship store at the intersection of Bloor and
Bay Streets in Toronto, Canada.
McLean Watson is a private, Toronto-based investment group, which
invests in and works with leading companies and entrepreneurs. It
assists in the operations and growth of businesses, including
international expansion. William Ashley already has an international
reputation, and McLean Watson is investigating a wide range of
Loudon Owen is Co-Founder and Managing Partner at McLean Watson Capital.
He holds a BA from University of Toronto an LL.B from Osgoode Hall, and
an MBA from INSEAD in France. McLean Watson is one of Canada's
pre-eminent venture capital firms. Based in Toronto, it also has
offices in Shanghai and Singapore.
Karen McGuire is a senior marketing executive with a proven record of
excellent results across a wide variety of sectors: luxury packaged
goods, retail, quick service and full service restaurant, travel,
advertising, magazine publishing, real estate and business development
expertise. She was instrumental in the launch of Clinique cosmetics in
Canada in 1982, and has held senior positions at Wendy's Restaurants
and Thomas Cook Travel and Fuel Advertising. She brings a wealth of
experience in the retail sector.
SOURCE WILLIAM ASHLEY LTD.
For further information:
William Ashley Ltd.