Their children Paul Jr, Andr, Louise, and Sophie inherited the vast family empire, estimated at $4.8 billion billion USD ($5.81 billion CAD) according to Celebrity Net Worth. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. [6], Learn how and when to remove this template message, "Forbes profile: Emanuele (Lino) Saputo & family", "Quebec dairy mogul Lino Saputo had secret past dealings with U.S. mobster Joe Bonanno, then lied about it", "Notable Canadian companies, individuals in the Paradise Papers", "Canada's Richest People: The Saputo Family", "Canada's Outstanding CEO of the Year 2019: Lino Saputo Jr", https://en.wikipedia.org/w/index.php?title=Lino_Saputo&oldid=1120973894, This page was last edited on 9 November 2022, at 20:52. Saputo produces, markets, and distributes a wide array of dairy Get up to $2,000 cashback + $50 signup bonus. In 1979, Mirella and Lino launched a charitable foundation, the Fondation Mirella Over the next few years, the company bought stores across Canada and around the world, notably Perrette and Provi-Soir. The Canadian man of action behind Alibabas embattled Jack Ma, Whos David Thomson? Jean Coutu is worth $2.80 billion USD ($3.39 billion CAD) according to Forbes. He is a big champion of the environment and has started a global initiative to reduce paper waste. Hints and clues to help you with today's Wordle. [18], On February 22, 2019, it was announced that Saputo would be buying British dairy company, Dairy Crest. Saputo StadiumInformation about Saputo Stadium, home of CF Montral. [1] Early life [ edit] In the United States, a familiar aphorism Shirtsleeves to shirtsleeves in three generations describes the propensity of family-owned enterprises to fail by the time the founders grandchildren have taken charge, wrote George Stalk Jr. and Henry Foley in the Harvard Business Review in 2012. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world. The next issue of Financial Post Top Stories will soon be in your inbox. Today, it's one of the world's top dairy brands. Revenue: $10+ billion (USD) Founded in 1954, Saputo produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and . Aldo Bensadoun. Copyright 2023 St. Joseph Communications. Most recently, the company is talking about widening its reach and providing different forms of payment acceptance like crypto. Larry Rossy turned one of the familys stores into a Dollorama in the 1990s and it was such a success that many of the familys stores were turned into Dollaramas. Fortin is one of the founding partners in the Couche-Tard chain of convenience stores. 1.4M subscribers in the canada community. now with operations in the United States, Argentina and Australia. He is one of the lesser-known founders of Laval-based convenience store chain Alimentation Couche-Tard, Jacques DAmours is worth $2.10 billion USD ($2.54 billion CAD) according to Forbes. The company, long helmed by Lino Saputo, grew in large part through acquisition, including the 1988 purchase of two American cheese plants. In the absence of a subpoena, voluntary compliance by your Internet service provider, or additional records from a third party, the information stored or retrieved for this sole purpose generally cannot be used to identify you. 2. 486 spot on the Forbes list of global billionaires. 1957 If you don't see it, please check your junk folder. The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. 11. Lino considered his successful ten-year period with National Bank a vindication of the earlier allegations of family ties to Sicilian Mafia members, and Brard stood The roots of Sharon Azrielis fortune go back to when her father, David Azrieli fled Poland at the beginning of WWII and eventually ended up in Montreal in his early 30s. McConnell Building (LB) Mailing address. Serge Godin started his information technology business out of the basement of his parents home in Montreal. In 1957, Saputo's first sizable production facility was built in Montreal's Saint-Michel neighbourhood. From the hills of Sicily to the winding roads of Montreal, billionaire Emanuele Saputo has turned his cheesemaking roots into a billion-dollar business. The landscape in Major League Soccer is changing. In September 1954, using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheese making company bearing its name. Amelia Saputo and Lino Saputo Jr. react . Lino Saputo through the years | Montreal Gazette Local Business Business Lino Saputo through the years View All 15 Photos 1 of 15 A selection of photos of Saputo Inc. chairman and founder. Listen to Down to Business for in-depth discussions and insights into the latest in Canadian business, available wherever you get your podcasts. These days, the company is known more for its investing prowess as a private equity firm. Gene Krugers son, Joseph Kruger II, took his forefathers company vision a step further by expanding into a myriad of other ventures. Saputo, CEO of the giant cheese, milk and yogurt company that shares his name, is sitting in the private locker room he installed in the personal hockey arena he built next to the luxury auto. Family Business Saputo sisters forged their own path Patricia and Danielle Saputo, of the family behind Montreal-based dairy processor Saputo Inc., knew early on they wouldn't take on leadership roles in the family business Natalya Anderson Financial Post Published Dec 29, 2022 Last updated Jan 03, 2023 10 minute read Watch highlights from the Nov. 1 announcement ceremony. In that vein, all Future Electronics employees are required to undergo a minimum of 10 hours of training each month. SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. At first, the 15-year-old Lino found the move difficult, and longed to return to Sicily. Its stock soared for most of last year, climbing more than 50% and taking the family fortune to new heights. The Desmarais family is one of the only Canadian families that maintained an economic and political influence over successive generations. For event updates, visit . Our team will be reviewing your submission and get back to you with any further questions. He went on to expand his media and printing empire in Quebec. [2], Saputo was named in the 2017 Paradise Papers because he held shares in an offshore company, an aviation company, in Bermuda which he had sold off in 2010. Saputo Jr., now in his mid-50s, has been with the family-controlled company for 33 years, including nearly two decades as chief executive. The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. After modest beginnings, the Companys founders saw their determination, hard work, passion and vision transform Saputo into an industry leader, both in Canada and around the world. [19] The company was valued at C$1.7billion (975million). Founded: 1954. One client turned into ten, and then 100, and a decade later they found themselves on the Toronto Stock Exchange raising funds to buy out smaller IT companies. Get 20% off your annual subscription! [22], Brands by Saputo include: Saputo, Alexis de Portneuf,[25] Armstrong,[26] Cathedral City,[27] Cheer,[28] Clover,[29] Cracker Barrel[30] (trademark used under licence), Dairyland,[31] DairyStar,[32] Devondale,[33] Friendship Dairies,[34] Frigo, Frigo Cheese Heads,[35] Frylight,[27] Joyya[36] La Paulina,[37] Milk2Go,[38] Montchevre,[39] Murray Goulburn Ingredients,[40] Neilson,[41] Nutrilait,[42] Salemville,[43] Scotsburn (trademark used under license[44]), Sheese,[45] South Cape,[46] Stella,[47] Sungold,[28] Tasmanian Heritage, Treasure Cave,[48] Woolwich Dairy[49][50] and Yorkshire Wensleydale[51]. Named in honor of the Saputo family, which donated a bulk of the funds for the stadium's completion, the venue resides at Olympic Park, where it is accessible by both the Viau and Pie-IX subways. ?Since our first days delivering cheese on a bicycle, we've grown into a leading global dairy processor by staying true to the culture that defines us. Alain Bouchard went from living in a mobile home to becoming one of the richest people in all of Canada. The sale of shares in Saputo Inc. contributed considerably to the Saputo familys wealth, which was measured at $10.61 billion as of 2017. Canada's Outstanding CEO of the Year 2019: Lino Saputo Jr. Whos David Cheriton? Hes been the head of a major political party and is the head of one of Canadas biggest media empires. [14] It acquired all the remaining shares in March 2017. Please try again. The family also has a stake in Major League Soccer's Montreal Impact. [6], Master cheesemaker Giuseppe Saputo, his son Lino Saputo and family immigrated to Montreal from Montelepre, Italy, in the early 1950s. Saputo dairy products are found all over Canada. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. He went from building duplexes to building skyscrapers and massive malls, many in Israel, to create a billion-dollar fortune. Essentially, they gave business people the ability to send short wireless text messages on a tiny electronic device you could hook onto your belt buckle. The company built its first significant production facility three years later, and quickly benefited from the boom in the North American appetite for pizza and, specifically, mozzarella. The storage or technical access is necessary for the purpose of legitimate interest to store preferences that are not requested by the subscriber or user. AT SAPUTO, YOU WILL. In addition to his work at the Saputo Group and CF Montreal, Joey Saputo has . We are Canada's general-theme subreddit. Adjusted net earnings in 2021 were $715 million, down from $724 million in 2020. Telesystem later partnered with Bell Cellular and together they became as BCE Mobile Communications. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, AEW Dynamite Results: Winners And Grades On March 1, 2023, What Brands Need To Know: Social Marketing In 2023, Teslas Investor Day Is Long On Time, Short On Useful New Details, Biden Not Confident Supreme Court Will Uphold Student Debt Cancellation, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, A Psychologist Offers Advice On How To Repair A Family Rift, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. . his ambitions drove him to encourage his parents to return to cheese making, which had been the family business in Sicily. Thats where three of, Metro Vancouver, Canadas third largest metropolitan area, understandably boasts its fair share of wealthy individuals. By CB Staff If youve ever seen a red winking owl at one of your late-night convenience store stops, then you know how billionaire Richard Fortin made his fortune. One of his major accomplishments for the company was the acquisition of Sun Media Corp. which made Quebecor number 2 in the world of Canadian newspapers. Pierre Pladeau Sr. was studying law in university when he bought the first of many newspapers with the help of a loan from his mother. The Saputo family was reportedly unaware Bonanno was a Mafia boss In addition to running Quebecor, Pierre Karl Pladeau plays a big part in the political life of Quebec. + Is Making Bi-Weekly Payments on a Mortgage a Good Idea? Location: Montreal. The family has also made significant donations to various organizations, such as $10 million to Concordia University. [12] In January 2014, Saputo announced that they would be purchasing the fluid milk business of Scotsburn Co-operative Services Limited of Nova Scotia for $61million. In the sixties and seventies, Saputo went through a significant growth period, becoming Canadas most important mozzarella producer. According to the companys corporate history, the family used $500 to buy equipment and a bicycle for deliveries in September 1954. By 1957, the business expanded into a new factory in Montreals Saint-Michel neighbourhood. Every Sunday, we shine the spotlight on financial and stock market news items that may be useful to the investor, but which may have passed under the radar. The Saputo family owns hundreds of antique cars and oversees an automobile enthusiasts' club. Photo by Ryan Remiorz/The Canadian Press files. Throughout this process, Lino remained firmly in charge of Saputos operations, reportedly Can An Overhauled Coaching Staff And Full Season Of Deshaun Watson Revive The Cleveland Browns? The stadium came at a cost of CA$ 17 million, of which CA$ 7.5 got donated by the Saputo family, owners of the Impact. Montreal real estate owner Giuseppe Borsellino has died Guiseppe Borsellino with his wife Elina (sister of Lino Saputo). I can confidently say that I have surpassed nearly all my dreams, he said in January 2020. Paul Desmarais died in 2013 at the age of 86 and his wife Jacqueline died in 2018 at age 89. He scraped together $500 in savings for Jarislowsky has sat on the boards of some of the worlds largest and most influential companies like SNC Lavalin and Swiss Bank Corp. Armstrong Cheese was formerly an independent cheese maker in Armstrong, British Columbia, which was acquired by Dairyworld in 1997. Businessman Lino Saputo turned his family's humble cheesemaking business into a multibillion-dollar global dairy empire. We're a talented and caring team with a longstanding history of excellence. Larry Rossy turned one of the familys stores into a Dollorama in the 1990s and it was such a success that many of the familys stores were turned into Dollaramas. Using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheesemaking company bearing its name. In 2001, Saputo Inc. expanded its national reach when it successfully acquired a Western Canadian collective of dairy According to a 2019 profile in the Globe and Mail, he has a constantly revolving collection of luxury cars, with a particular affinity for 1980s-era Porsches. DAmours played a variety of roles in the company until his retirement in 2014. Yet the Saputo family claimed that they had been unaware of Bonanno's reputation, and canceled the deal as soon as they learned of Bonanno's mafia connections. Azrieli has graced some of the biggest opera states in the world and performed in classics like Romeo and Juliet as well as Don Pasquale. Franco Saputo, Giuseppe Saputo and . The 2000s took the company into the US market with the acquisition of Circle-K convenience stores. Here are the top 11 richest people in Montreal: Via Atlas Media. Saputo strives to embed diversity and inclusion in its operations and invites candidates from all horizons to join its family. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. In 1954, his son Lino convinced him to start a business. . We still work to uphold the Italian tradition of cheesemaking for modern . DiBella initially agreed to personally invest [16], In September 2017, Saputo announced complete acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States. June 22, 2022. Charles Sirois bought out his fathers business in 1978 and that was the beginning of his empire. He later went on to become the full owner of Molson Brewery in Montreal. The extent of his goaltending prowess is unclear, though its apparent hes so far helped stop Saputo Inc. from following the tradition of third-generation family business decay. And yet over 70 years Saputo Inc., started by a family of Italian immigrants, has grown swiftly into an international dairy behemoth. Saputo Inc. chief executive Lino Saputo Jr., speaks during the companys annual general meeting in Laval, Que., in 2019. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. He was earning a nice income there, but there is nothing like owning a piece of the pie which is what he got with his move to Couche-Tard. [citation needed]. You wont see many photographs of Miller on the web or even read much about him. Invest with this $0 fee online broker pioneer! A hockey fanatic, he built a private three-on-three rink thats also used for a yearly company hockey tournament. While Saputo Inc. is publicly traded, the family retains control of much of the company stock. CGIs market capitalization sits at $27.28 billion. Lino Saputo Jr. will accept the EY Family Business Award of Excellence on behalf of the Saputo family at the EY Quebec Entrepreneur Of The Year gala on October 20, 2016. the Centre Leonardo da Vinci, featuring the Mirella and Lino Saputo Theatre. Right into the 21st century, much of Linos interests remained in overseeing the growth of Saputo Inc. Before Cirque du Soleil had to shut down all its shows due to Covid-19, Guy Lalibert sold his remaining stake in the company to Quebec Deposit and Investment Fundfor more than 100 million dollars in February 2020. Couche-Tard, also known as Alimentation Couche-Tard, was founded by Alain Bouchard with a single convenience store in 1980. Saputo was born in Montelepre, Sicily, Italy, in 1937, to Giuseppe Saputo, a cheesemaker, and his wife Maria. He has been the President of the Montreal Impact, home to such notable soccer stars as Maxim Tissot. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. His son Lino Saputo Jr. was named "Canada's Outstanding CEO of the Year" for 2019 by the Financial Post. Whether you've just arrived in Canada, or have been here for years, our loans are made for you. It became Canada's largest producer of mozzarella in the 1980s. behind him when he fought a revival of such allegations in 2007. Former operations chief to the Savoie real estate family, Auger is chief executive of Crysalia, a Montreal-based consultant which started up in May. According to Forbes, Bouchard is worth about $4.2 billion USD ($5.08 billion CAD). Alimentation Couche-Tard has a market capitalization of $48.69 billion on the TSX. About him all the remaining shares in March 2017 general meeting in Laval, Que., in 1937, create! Whether you 've just arrived in Canada, or have been here for years, our loans are for... 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Business into a multibillion-dollar global dairy empire wife Jacqueline died in 2018 at age 89 to... Loans are made for you Guiseppe Borsellino with his wife Maria had been President! Of last Year, climbing more than 50 % and taking the family business in Sicily dreams, he in! Soccer 's Montreal Impact, home to becoming one of the Year '' for 2019 by the Saputo family hundreds! Made significant donations to various organizations, such as $ 10 million to University... Sicily to the winding roads of Montreal, billionaire Emanuele Saputo has 1957 If you n't. From all horizons to join its family most of last Year, climbing more than 50 % taking. Cheesemaking company bearing its name ; s top dairy brands people in all of Canada age..., his son Lino convinced him to start a business charles Sirois bought out his fathers in...
