By  on July 19, 2013

NEW YORK — Loblaw has always been associated with premium private-label foods such as its President’s Choice. Now the Canadian powerhouse can also add luxury beauty brands — Chanel and Yves Saint Laurent — to its shopping basket.

With its $11.93 billion acquisition of Shoppers Drug Mart, Loblaw Cos. Ltd. nabs a thriving pharmacy business, a small store format to grow in urban markets, a 10 million member strong loyalty program base and what many consider the best drugstore beauty retailer in North America.

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