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Three Stunning Business Moves 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. Yet, their’s not much that people know of Katz’s career, other than that he’s the owner of an NHL team known as the Edmonton Oilers. On closer scrutiny of the investor’s career, you’ll see a sequence of impressive business moves characterized by the enthusiasm for using each business success to finance the consistently-expanding portfolio that includes interests in pharmaceuticals, properties, and entertainment. The Pharmacy Businesses Daryl was merely a toddler the time his family ventured into the retail pharmaceutical ventures. That time, his father, a pharmacist by profession, started and managed a large chemist shop in Edmonton. Years later, Daryl finished law school, started a law firm, and gained more interest in his family’s enterprises. Together with his father, they created the Medicine Shoppe in 1992. Nonetheless, Katz had a greater vision than just a single family-owned drug shop. The investor had acquired Rexall drugstores, which had several branches throughout Canada, by 1996. Both Medicine Shoppe and Rexall expanded under Katz’s stewardship. Within only 6 years, Katz had harnessed the success of small pharmacy to grow his investment portfolio to about 243 drug stores.
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Daryl Katz bought the Edmonton Oilers for Canadian $200M in 2008, in a move that some would consider risky. His objectives were more superior than just to control the hockey team. He arranged to turn the northern Edmonton area into a center for recreation that would attract folks from across the whole city. It took Katz number of years of engagement with the Edmonton city council for the purpose of receiving financing for the building of the Rogers Place stadium, which would be the home arena for the Oilers. The authority agreed to inject C$279M into the plan. The billionaire businessman hopes to pump more of his money into other types of properties, such as homes, restaurants, and condominiums. A Feature Film Business Daryl Katz ventured into the feature film scene as a way to grow his investment portfolio. He joined hands with the experienced producer Joel Silver to found Silver Pictures Entertainment that’s focused on the development of feature films alongside web content. The company has been involved in some great projects like “House on the Haunted Hill” and Gothika. All that Daryl Katz touches converts into a success story, it looks like. Certainly, his signature business executions are worth copying. So long as he continues to invest prudently, there’s no limit as to what he may accomplish with what he currently owns in real estate, entertainment, and pharmacies.