Ogilvy's (with apostrophe) is Sold ,You have to have a lot of Dough to buy this joint

          and this family has just that,a lot of dough. The Weston family takes control of the historic Ogilvy's ( again with apostrophe,we are allowed that here---lol) The store has been around Montreal since the 1866 era . We have all peered through their windows,as well as the Eaton's ,& Simpson's & The Bay.......looking at all the Christmas stuff....

MONTREAL - Montreal’s historic Ogilvy's department store is changing hands for the second time in just over a year.

Selfridges Group Ltd., the real estate arm of Canada’s wealthy Weston family, is the new buyer.

Terms were not disclosed. Selfridges said it will retain current management.

“This store is a great addition to our growing international portfolio,” said chief financial officer Paul Gallagher.

“SGL is pleased to have this opportunity to enhance its retail operations in Montreal, which has an international reputation as a leading fashion centre.”

Just last year, the upscale Ste. Catherine St. store - founded in 1866 - was purchased by a private investment group comprised of Champlain Financial Corp., BB Real Estate Investment Trust (controlled by the Beaudoin/Bombardier families) and the Quebec Federation of Labour’s Solidarity Fund.

It bought the building, also for an undisclosed sum, from owners that included a Toronto investment firm and the CBC Employee Pension Fund.

Selfridges said the acquisition fits with its corporate plan to own and operate “permier luxury stores in select markets.” These include the Brown Thomas chain in Ireland, de Bijenkorf in the Netherlands, Selfridges in the United Kingdom and Holt Renfrew in Canada