A Brief History of Daryl Allan Katz
The Canadian businessman Daryl Katz is known for his big business ventures and charity. Among the richest men in Canada Katz are among the top wealthy men. What surprises many is his entrepreneurial streak. Though he is a lawyer by profession his business acumen is remarkable. He is the chairman and founder of Katz Group of Companies. The business areas that Katz group of the company have the grounding in including the pharmacies, sports and entertainment, and the real estate sector. Among the largest privately owned enterprises in Canada include the Katz group of companies. Edmonton Oilers belong to the Katz group of companies.
The founder of Value Drug Mart was the father of Katz. Apparently Katz got the inspiration of operating pharmacist from his father. Katz would sometimes help his father in the running of the pharmacy thereby getting the inspiration from there.
Katz did an art degree and a law degree both of which were done at the University of Alberta. Katz practiced Franchise and corporate law after working for a while at a law firm. While still practicing as a lawyer he partnered with his father to pay for the rights of operating a drugstore that dealt in medicine from the US-based drugstore called Medicine Shoppe drugstore. After he acquired the franchise right he went on to start a drugstore in Canada which was the founding enterprise for the Katz group of companies. Rexall drugstore was acquired later by adding the business portfolio of Katz. With a strong willpower and determination to grow his drugstores he acquired Pharma plus drug store chain from Oshawa group in 1997.
The US was a business target for Katz, but he failed at the start when he acquired the Snyders drug store chain. He, however, didn’t make it and was forced to sell the Snyders drug stores due to bankruptcy. The drug emporium was acquired in the year 2001.
After several years of trying to acquire Edmonton Oilers Katz found a breakthrough in the year 2008 when he was announced the official owner. In the year 2008 he became the official owner of Edmond Oilers after paying a whopping $200 million.
Rogers and Edmonton Ice district real estate project was given to Katz group of companies in the year 2014. This project is very remarkable for the Katz group of companies. The potential investors would find favor in the Katz group of companies due to these flagship projects.
His charity works are remarkable due to the kind heart he has for the public institutions.
Katz, the billionaire has many homes including in the US and British Colombia apart from his Canada castle. Katz wife is known as Renee Gouin.
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