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Gordon Reid opened the first Giant Tiger store, on George Street in Ottawaâs Byward Market, on May 13, 1961, with a $15,000 investment. First-year sales of $139,781 were far lower than Reid had anticipated, and by the end of 1962 he decided to close the store.
This is the first time that TT International is opening and managing a shopping mall. The Singapore-listed firm is the mall's developer and sole operator - it owns 51 per cent of Big Box, while Utraco Investment holds 30.4 per cent and Prima BB, the remaining 18.6 per cent.