Izzy Asper ascends to TV's throne

Article Abstract:

CanWest Global Communications Corp. and Shaw Communications Inc. announced a C$1.4-billion deal to end the dispute involving WIC Western International Communications Ltd. The settlement occurred in mid-June 1998 at the ninth floor of Shaw's headquarters in Calgary, Canada, after nine months of acrimonious fighting. David Asper, executive vice president and eldest child of company creator Israel (Izzy) Asper, led a team of senior CanWest officials. Meanwhile Shaw President Jim Shaw, son of company founder J.R. Shaw, was on the other side. Izzy Asper stands to inherit the biggest private national television network because of the deal.

Comment:

And Shaw Communications Inc. announce a C$1.4-billion deal to end the dispute involving WIC Western International Communication

Computer Services, Computer Systems Design and Related Services, Radio & TV Broadcasting, Radio and Television Broadcasting, Information technology services, Shaw Communications Inc., Broadcasting industry, Broadcasting, CanWest Global Communications Corp., WIC Western International Communications Ltd., Article

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Dylex unloads Tip Top chain in deal with Grafton

Article Abstract:

Dylex Ltd. has signed a deal yesterday to sell its 102-store Tip Top Tailor retail chain to competitor Grafton-Fraser Inc. (Toronto) for $32.2-million. Grafton-Fraser, a men's wear retailer, will acquire all the assets of Tip Top. This includes its manufacturing operations Weston Apparel and San Remo Knitting Mills. Dylex has also sold its historic art-deco head office building on Lakeshore Boulevard in Toronto to Continental Saxon Group (Toronto) for $21.5-million. The proceeds from the two deals will increase the company's working capital.

APPAREL AND OTHER TEXTILE PRODUCTS, Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, Males' Clothing, Men's and Boys' Cut and Sew Apparel Manufacturing, APPAREL AND ACCESSORY STORES, Clothing industry, Men's clothing industry, Clothing stores, Dylex Ltd., Tip Top Tailor, Grafton-Fraser Inc.

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Zale turns the tables and buys peoples jewellers chain

Article Abstract:

Peoples Jewellers Corp. is being acquired by Zale Corp. of Irving, TX, for $116 million. Toronto-based Peoples operates 175 jewelry stores across Canada. Zale was acquired by Peoples in 1986 but Peoples lost control of the company when it filed for bankruptcy protection in 1992 due to its C$200-million debt, resulting from its $650-million acquisition of Zale. Zale also filed for Ch 11 bankruptcy protection in 1992, but emerged stronger in 1996 and now operates 1,140 stores across the US.

United States, Foreign operations, Jewelry Stores, Zale Corp., Peoples Jewellers Corp.

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