A Brief History of Daryl Allan Katz
The Canadian businessman Daryl Katz is known for his big business ventures and charity. He has a huge fortune that makes him have a place in the top 10 richest men in Canada. His business acumen cannot be compared to many. Though he is a lawyer by profession his business acumen is remarkable. He owns large equity at the Katz Group of company courtesy of being the founder and chairman. The Kat group of companies has a grounding in pharmacies, sports, and entertainment, and the real estate sector. Some of the Canada’s largest privately owned enterprises include the Katz group of companies. Edmonton Oilers belong to the Katz group of companies.
Katz father was a pharmacist who founded Value Drug Mart. Katz father inspired his son to venture into pharmaceuticals. During the holidays he would assist his father in running the pharmacist in the process he developed a liking for starting his pharmacy.
The alma mater of Katz is Alberta University. 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. The Katz group of companies was born immediately he started the drugstore. Katz kept on expanding his chains of pharmacies by acquiring new ones. The growth of Katz drugstore kept on and on as he went on expanding.
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. Katz was declared the owner of Edmond in a press conference in the year 2008.
The Katz group of companies was given the real estate project of constructing the Rogers Arena and Edmond Ice district. These mega real estate projects put the Katz group of companies in good lights. The group takes pride in the project; the project sells the group like a hot cake to other interested investors.
Katz is involved in great philanthropy as he gave $7 million to the University of Alberta faculty of pharmacy and pharmaceutical sciences as well as the faculty of law thus becoming one among the kindest wealthy persons .
US and British Colombia have lavish homes of the billionaire Katz apart from his lavish home in Canada. Katz wife is known as Renee Gouin.