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 Empire
When the Katz family embraced the retail pharmaceutical enterprise, Daryl was merely a kid. That time, his father, a pharmacist by profession, started and managed a large chemist shop in Edmonton. Later on, Daryl completed law school, launched his own firm, and was keen to participate in the family business. He joined hands with his father to create the Medicine Shoppe in 1992. 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. Both Medicine Shoppe and Rexall expanded under Katz’s stewardship. 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.
Figuring Out Entrepreneurs
The Change Toward Real Estate
What Almost No One Knows About Experts
Daryl Katz completed the acquisition of the Edmonton Oilers for C$200M in 2008–a step some investors would deem risky. His vision was greater than just the proprietorship of the hockey team. His strategy was to turn the northern Edmonton region into a recreational complex where people from all over the city would converge. 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 Venture
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. “House on the Haunted Hill as well as “Gothika” are some of the projects the company has successfully been involved in.
From the look of things, all that Daryl Katz is involved in becomes a success story. 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.