What I Can Teach You About Companies

What I Can Teach You About Companies

Three Remarkable Business Steps that Daryl Katz Made The success story of Daryl Katz, the brainchild behind Katz Group, is certainly a remarkable one. The Katz Group is one of the Canada’s largest companies owned by a private entity. Nonetheless, many people are not familiar with a lot about Katz’s career, except for the fact he’s the owner of an NHL team, the Edmonton Oilers. Upon closer examination of the investor’s career, you’ll discover a pattern of impressive business moves typified by the eagerness to utilize ever single investment success to fuel the ever- swelling portfolio of ventures cutting across pharmacies, entertainment, and the property market. The Pharmacy Empire Daryl was merely a toddler the time his family ventured into the retail pharmaceutical ventures. During that time, his father, who was a trained pharmacist, started up and operated a large chemist shop Edmonton. Later on, Daryl completed law school, launched his own firm, and was keen to participate in the family business. In the year 1992, Daryl joined his father to found the Medicine Shoppe. Though, Katz showed an appetite for a venture larger than just one family-owned drug store. The investor had acquired Rexall drugstores, which had several branches throughout Canada, by 1996. Medicine Shoppe and Rexall experienced expansion under Katz’s leadership. In just 6 years, Katz had taken advantage of the success of a small drugstore to expand his control to well over 243 drug shops.
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Daryl Katz acquired the Edmonton Oilers for Canadian $200M in 2008–an investment some would fear to be risky. His vision was greater than just the proprietorship of the hockey team. He strategized on how to convert the northern Edmonton area into a complex for entertainment that would appeal to people from all sides of the city. Katz utilized several years in negotiations with the Edmonton city council with the view to availing funding for the creation of the Rogers Place stadium–the home to be for the Oilers. The authority agreed to inject C$279M into the plan. The Billionaire investor intends to inject capital into more real estate businesses, including homes, condos, and restaurants. A Feature Film Company Daryl Katz chose to grow his investment portfolio by venturing into the feature film industry. He and experienced producer Joel Silver merged effort to come up with Silver Pictures Entertainment with the goal of creating feature film and internet content. “House on the Haunted Hill as well as “Gothika” are some of the projects the company has successfully been involved in. It seems like everything Daryl Katz touches turns into a success story. Obviously, his typical business decisions are exemplary. Provided he keeps making smart moves, there’s no restriction as to what he can grow from what he has already in real estate, entertainment, and pharmaceuticals.

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