Share |

Canadian family businesses

FB Roundup: Saputo, Carso, Bimbo, and Tata Sons

February 9, 2017

Third-generation Saputo to succeed founding father; Slim and Servitje subsidiaries to launch ‘made-in-Mexico’ e-cars; Tata removes Mistry, set to install Chandrasekaran

Third-generation Saputo to succeed founding father
Lino Saputo Jr is to succeed his father, Emanuele (Lino), as chairman of his family’s eponymously named dairy company - one of the top ten dairy processors in the world.

Currently chief executive and vice chairman, third-generation Saputo Jr will replace the founding chairman from 1 August and also retain his responsibilities as chief executive.

Wealth & Purpose: Laughing all the way to the bank

October 30, 2015

What purpose does your family’s wealth serve? In our Q&A series, Emily Griffiths-Hamilton explains how her ‘family bank’ uses fun to focus on human and intellectual capital (as well as financial assets) and pass on the right values to the fourth generation.

Canadian family business profile: Canadian Tire

July 1, 2015

Canadian Tire does much more than what it says on the tin: the hypermarket retailer sells hardware, leisure, automotive accessories, even clothing (oh, and tyres). While the group also owns industrial apparel store Mark’s and a financial services arm, it is the namesake business that is considered a Canadian icon.

O Canada! Family businesses flourishing in the True North (infographic)

June 30, 2015

A few exceptions aside, what is striking about many of Canada's largest family businesses is that they are little known abroad. While these domestically-focused firms have been striving so far, it remains to be seen how they will perform if Canada's economy trips up.

Family businesses are key drivers of Canada’s economy, accounting for at least 45% of GDP, and numbering among them many of the country’s top firms, including global powerhouses such as Thomson Reuters and Bombardier.

Bombardier replaces third-gen with professional chief executive

February 13, 2015

Leadership has been passed on to a non-family executive this week in a surprise announcement at Canadian family business Bombardier, as the company posts a big loss for the fourth quarter.

Leadership has been passed on to a non-family executive this week in a surprise announcement at Canadian family business Bombardier, as the company posts a big loss for the fourth quarter.

Pierre Beaudoin, grandson of the company’s founder, has been chief executive of the Montreal-based aerospace company since 2003, but on Thursday announced he was stepping down to make way for Alain Bellemare, a former United Technologies Corp (UTC) executive.

Fourth-gen Paul Sobey appointed chancellor at Saint Mary’s University

October 30, 2014

Canadian fourth-gen Paul Sobey, of the eponymous multi-billion-dollar family empire, is following in the footsteps of his father, becoming chancellor of Nova Scotia’s Saint Mary’s University.

Canadian fourth-gen Paul Sobey, of the eponymous multi-billion-dollar family empire, is following in the footsteps of his father, becoming chancellor of Nova Scotia’s Saint Mary’s University.

Sobey retired as president and chief executive of Empire Company, parent of supermarket giant Sobeys Inc, late last year, having been at the helm since 1998.

Loblaw’s fourth-gen to take over from non-family president

July 18, 2014

A fourth-gen of George Weston Limited, the Canadian branch of the Weston family empire, has been promoted to the role of president at its supermarket subsidary Loblaws.

A fourth-gen of George Weston Limited, the Canadian branch of the Weston family empire, has been promoted to the role of president at its supermarket subsidary Loblaws.

Galen G Weston takes over from non-family predecessor Vicente Trius, who will return to Brazil for family reasons.

The Thursday reshuffle comes amid a string of acquisitions by the Weston family, who own 63% of Loblaws through George Weston Limited, including the $12.4 billion (€9.2 billion) acquisition of Shoppers Drug Mart this year.

Fifth gen plans sale of Dare Foods stake due to family feud

May 20, 2014

A Canadian heir to Dare Foods has announced she is selling her 27% stake in the company due to an on-going feud with her two brothers.

A Canadian heir to Dare Foods has announced she is selling her 27% stake in the company due to an on-going feud with her two brothers.

Carolyn Dare-Wilfred said she would be selling her entire Dare family shareholdings, which include her stake in Dare Foods as well as “significant” other family assets, to third parties, diluting family ownership in the Ontario-based cookie and cracker manufacturer.

Canadian businessman George T Richardson dies

May 16, 2014

Canadian businessman George T Richardson, who served at the helm of his family business for 34 years, has died, aged 89.

Canadian businessman George T Richardson, who served at the helm of his family business for 34 years, has died, aged 89.

James Richardson & Sons, established by Richardson’s great-grandfather in 1857, is 100% family owned and operates in the grain trade, as well as energy, real estate, financial services and investments. The company does not release revenues, but this year Canadian Business pegged the wealth of the Richardson family at $4.5 billion (€3 billion).

Quebecor's Peladeau exits family business to enter politics

March 19, 2014

Second-generation Pierre Karl Peladeau has resigned as vice chairman and board member of Canadian family business Quebecor to stand in upcoming provincial elections for a local separatist party seeking independence from the North American country.

The family business head, who stepped down as chief executive of Quebecor in March last year, has also resigned from positions at two of its subsidiaries Quebecor Media and TVA Group.