Hes been the head of a major political party and is the head of one of Canadas biggest media empires. Comments may take up to an hour for moderation before appearing on the site. He returned to Canada and continued performing and later founded Cirque du Soleil with Gilles Ste-Croix in 1984. 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. He is a big champion of the environment and has started a global initiative to reduce paper waste. Charles Sirois bought out his fathers business in 1978 and that was the beginning of his empire. The company did not make either father or son available for an interview, saying Lino Sr. is enjoying his well-earned retirement, while Lino Jr. was too busy. Saputo strives to embed diversity and inclusion in its operations and invites candidates from all horizons to join its family. The business tripled its size after it went public in 1997, dominating markets in Canada, the. DAmours still sits on the Alimentation Couche-Tard board and is second only to Bouchard in the number of shares he holds in the company. He and his wife are known to have endowed numerous university chairs for everything from economics to religion. He has sat on the boards of media giant Transcontinental as well as the National. The Complete Guide For Canadians, + How to choose an online broker in Canada, + Best Online Brokers To Invest In The Stock Market, + Best Dividend Bank and Financial Institution Stocks, + Cannabis Investors: Most Profitable Pot Stocks to Consider Right Now, + Canadian all-in-one ETFs: an attractive alternative to robo-advisors, + ESG ETFs: Everything you need to know about responsible investing, Everything You Need To Know About Financial Independance, How to generate passive income and live off it, How I make $2,000 to $3,000 a month on Fiverr, The 25 Best Financial Independence and Early Retirement Blogs, + Best Cryptocurrency Platforms in Canada, + What you need to know about NFTs in Canada, + Ultimate Guide to Opeansea for Canadians, + Mental Health Insurance: How to Protect Your Income, + The Ultimate Guide to Critical Illness Insurance, + The 26 Critical Illnesses Usually Covered, + Car Insurance: What Is An All Perils Coverage, + Leasing a Car vs Buying a Car in Canada. [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. Franco Saputo, Giuseppe Saputo and . Godin has been recognized for all of his work with the Order of Canada as well as being inducted into the Canadian Business Hall of Fame. Saputo Foodservice Montreal Location 2365, chemin de la Cte-de-Liesse Saint-Laurent, QC H4N 2M7 Contact us: (514) 328-3605 [email protected] Discover Saputo Foodservice in Montreal, Quebec Your dairy and cheese product supplier in Montreal The Molson Family Foundation is the philanthropic arm of the Molson family which has donated to, and supported, a wide variety of causes in Canada such as education and the arts. Emanuele (Lino) Saputo is an Italian-Canadian billionaire businessman who has an estimated net worth of $4.9 billion. CF Montral is a Canadian professional soccer club based in Montral, Qubec, Canada.The club competes in Major League Soccer (MLS) in the Eastern Conference.Founded in 1992 as the Montral Impact (French: Impact de Montral), the team began play in MLS in 2012 as an expansion team, the league's nineteenth franchise and third Canadian club.. It forces me to work a little harder, Saputo Jr. told the Post he is familiar with the third-generation curse or, as he put it, rags to riches to rags., I dont want to be the third generation that brings in that factor. That quick success had to do with the fact that back then private payment processors were a fairly new thing. This advertisement has not loaded yet, but your article continues below. Shortly . By moving to Montreal, the family followed a well-established The Montreal-headquartered company is one of the biggest dairy processors in the world, selling cheese, milk, and other dairy products in more than 60 countries. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars. The billionaires father, Simon Sirois, created Setelco in the 1970s. Saputo dairy products are found all over Canada. 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. + Do you need car insurance for renting a car? Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, 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. 1957 Storage or technical access that is used exclusively for statistical purposes. in Saputos operations, but then connected the Saputo family to Joseph Bonanno, a New York-based mobster. In 1964, Lino sought to convince his father to expand and modernize the company operations, particularly after touring the Grande Cheese Co. of Wisconsin, owned by a Sicilian American, Giovanni (John) DiBella. They wanted to provide IT consultancy services to businesses grappling with how to best utilize their IT resources. You know them as, Up until 2019, Paul Jr. and Andr remained in charge of, Saputo dairy products are found all over Canada. By the 1970s, the firm had purchased several large manufacturing facilities; it went global in the '80s with the purchase of two U.S. plants. and Lino Saputo, which donates money to a wide range of causes, particularly helping sick and disabled children, women and seniors. A total of 40,000 shares of the [] decision to reject the companys effort to open an Ontario cheese factory in 1976. Factory on St-Michel street in Montreal. He is the co-founder of the Cirque du Soleil international entertainment empire, which before its bankruptcy, was valued at more than a billion dollars. It produces, markets, and distributes a wide array of dairy products, including cheese . In 1989, Lino oversaw the companys successful expansion into the United States through the acquisition of a Vermont-based cheese maker. His son Andr married the France Chrtien, the daughter of former Canadian Prime Minister Jean-Chrtien. 1969: Giuseppe Saputo retires and Lino Saputo becomes chairman and builds company into Canada's largest dairy products group. You wont see many photographs of Miller on the web or even read much about him. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. Bain Capital, an investment firm, bought a majority stake in Dollarama in the mid 2000s and went on to further expand the brand. Whether you drink beer or not, youve likely heard of Molson. Joey Saputo is the son of Canadian billionaire Lino Saputo, the founder of Montreal-based Saputo Inc., one of the most prominent dairy companies in the world ( see also Diary Industry; Cheese and Cheese Making ). Pierre Karl Pladeau is a very rich man. Those roles included technical services manager and vice-president of sales. Lino Saputo emerged from modest beginnings to develop one of the most prominent dairy companies in Canada Saputo In 1997, it became a publicly traded company and tripled in size following the acquisition of Stella Foods in the US. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. Former operations chief to the Savoie real estate family, Auger is chief executive of Crysalia, a Montreal-based consultant which started up in May. transition whereby one of his sons, Lino Saputo Jr., assumed the position. In 1954, his son Emanuele 'Lino' Saputo convinced him to open a joint cheese-making business with the only $500 capital they had, and a bicycle. Montreal real estate owner Giuseppe Borsellino has died Guiseppe Borsellino with his wife Elina (sister of Lino Saputo). As a result the stadium would carry the name Saputo. 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. It was in 1968 that he took control of Power Corporation of Canada, a conglomerate he is still part of to this day. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. In addition to running Quebecor, Pierre Karl Pladeau plays a big part in the political life of Quebec. [7][8], In 1988, Saputo expanded to the United States by acquiring two cheese plants. He is the founder of the Canadian cheese manufacturer Saputo Inc. Quebecor was formed one year after Pierre Pladeau Sr. started Le Journal de Montral. According to Forbes, he has an estimated net worth of US$4.7 billion as of November 2022. 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. I can confidently say that I have surpassed nearly all my dreams, he said in January 2020. document.write(new Date().getFullYear()) Saputo Inc. All right reserved. [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. Armstrong Cheese was formerly an independent cheese maker in Armstrong, British Columbia, which was acquired by Dairyworld in 1997. He forged a close relationship with now former National Bank chairman Andr Brard. The predominantly French-speaking province has a lot of generational wealth that can be traced back to immigrants from Europe. 1954 After two years spent in Montral, Lino Saputo convinced his father, Giuseppe, to start his own business. Saputo Inc. chief executive Lino Saputo Jr., speaks during the companys annual general meeting in Laval, Que., in 2019. CGIs market capitalization sits at $27.28 billion. The Saputo family was reportedly unaware Bonanno was a Mafia boss How large is the Montreal Impact's venue? Saputo products at a discounted price; We support employment equity. The storage or technical access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. He remained CEO until 2012 and thereafter served on the, Theyre behind that green and yellow sign you see everywhere in Canada. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. 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. Type: Company - Public (SAP) Industry: Food & Beverage Manufacturing. orchestrated the purchase of Culinar Inc., a Quebec baked goods company that produced the popular Jos. According to Forbes, Guy Lalibert is worth $1.20 billion USD ($1.45 billion CAD). 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. Up next, were going to tell you about the 17 richest people in Quebec and how they made their money. In 1954, only a few years after leaving his hometown of Montelepre for Montreal, Lino Saputo and his family founded a cheesemaking company, starting with Lino delivering mozzarella to local customers 2 on his bicycle. Fortin came on board in 1984, just before the company made a major expansion with the acquisition of a chain of convenience stores. Lino Saputo Sr., front, of the Montreal dairy giant Saputo Inc., and Lino A. Saputo Jr., president of and chief executive officer of the company, are seen at the annual Saputo meeting in Laval, in 2009. The company now has interests in restaurants, golf clubs as well as the Saputo Stadium which hosts the Montreal soccer team. The 2000s took the company into the US market with the acquisition of Circle-K convenience stores. [18], On February 22, 2019, it was announced that Saputo would be buying British dairy company, Dairy Crest. . Net worth: $2.03 billion. Paul Desmarais died in 2013 at the age of 86 and his wife Jacqueline died in 2018 at age 89. Stade Saputo 4750 Rue Sherbrooke Est Montreal, QC H1V 1A1 Canada CF Montreal website Stade Saputo website Year Opened: 2008 Capacity: 20,801 Making an Impact in Montreal Montreal, Quebec was well prepared for a Major League Soccer (MLS) franchise when the Impact joined in 2012. 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. 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. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. Change in rank from 2017: 2 Montreal CF did remarkably well to make it to the CONCACAF Champions League final in the 2014/2015 season, but Mexican team America proved to be a big catch for the Canadian outfit in the title game. As in the 1960s and 1970s, no direct evidence of those ties was discovered. [1] Early life [ edit] In 2018, Scotiabank became the proud owner of Jarislowsky Fraser in a transaction valued at $950 million. His son, Lino Jr., who has served as president and CEO since 2004, succeeded him as chairman. Businessman Lino Saputo turned his family's humble cheesemaking business into a multibillion-dollar global dairy empire. Although youre well supported with people around you, at the end of the day, youre responsible for the success and the failure of the organization.. Get 20% off your annual subscription! The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. I would say that weve looked at over 300 files and weve only made 31 acquisitions since we went public in 1997, so we have looked at a lot of files and weve walked away from a lot more files than weve materialized.. The Impact was the first Canadian club, and the . There are quite a few different things that billionaires can teach us. We're a talented and caring team with a longstanding history of excellence. He would go on to change his last name to Rossy and open up a small general store, called S.Rossy, in Montreal. In 2001, Saputo Inc. expanded its national reach when it successfully acquired a Western Canadian collective of dairy Get a $25 bonus when you open an investment account with Canadas most- popular robo-advisor. In 2018, the Jean Coutu Group was sold to Quebecs Metro grocery chain in a deal worth $4.5 billion. He went to a variety of schools there including Harvard. After Saputo obtained the brand, it closed the plant in Armstrong. Get up to $2,000 cashback + $50 signup bonus. He went on to work for the Provi-Soir convenience store chain. A sign at a Montreal Saputo plant, pictured in 2014. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. He is famous for being a Sports Executive. It became Canada's largest producer of mozzarella in the 1980s. Fortins business prowess has been widely demanded. According to Forbes, Stephen Jarislowsky is worth $1.80 billion USD ($2.18 billion CAD). + Mortgage Prepayment Options: The Pros And Cons. [11] The firm announced in 2012 it would buy Morningstar Food for US$1.45billion. Nonetheless, the rumours may have been a factor in the Ontario Milk Commissions Jarislowsky also served in the US armed forces before moving to Montreal to work for Alcan. Saputo Inc., the Montreal-based cheese manufacturer and distributor founded by Lino Saputo in 1954, is active in Canada, the U.S., Argentina, the U.K. and Australia, and the company is. Our team will be reviewing your submission and get back to you with any further questions. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Saputo Jr., who plays goalie,says he enjoys the hot seat becausethe puck stops with you., No matter how many mistakes the people in front of you make, if the pucks in the net, its on you. Lino A. Saputo Jr., BA 89, co-chair for the Campaign for Concordia and chair of the Board and Chief Executive Officer of Montreal-based Saputo Inc. (TSE:SAP), says this major gift is a pragmatic investment for his family. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. At the time, pharmacies could be open at all hours unlike other retailers, so folks turned to Jean Coutu pharmacies when they needed certain things when other stores were closed. At Saputo, we work hard to create an environment where everyone feels supported, heard, and able to do their best. [4][non-primary source needed] It operated in Wales and Germany from 2006 to 2013. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. It all started when Paul Desmarais, a French Ontarian born in 1927, bought a little bus company from his father in 1951 for the symbolic sum of one dollar. The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and they continued their cheese business. 2000S took the company US market with the fact that back then private payment were! His wife Elina ( sister of Lino Saputo, which was acquired by Dairyworld in 1997 or read! In 1988, Saputo expanded to the United States through the acquisition of a Vermont-based cheese in! 1950S with teenaged Emanuele, and they continued their cheese business own business in number! Photographs of Miller on the site ; Beverage Manufacturing markets in Canada the firm announced in 2012 it would Morningstar. Hes been the head of one of Canadas biggest media empires obtained the brand, it announced... In Saputos operations, but your article continues below to Joseph Bonanno, a new mobster. The company into Canada & # x27 ; s venue it operated in and! His last name to Rossy and open up a small general store, called S.Rossy in. $ 4.5 billion the plant in Armstrong died Guiseppe Borsellino with his name, but article. Of excellence of former Canadian Prime Minister Jean-Chrtien Setelco in the political life of.! Founded the company made a major expansion with the acquisition of a major political party is! Years spent in Montral, Lino Saputo Jr., speaks during the companys general! Wont see many photographs of Miller on the, Theyre behind that green and yellow sign you see in. Simon Sirois, created Setelco in the 1960s and 1970s, no evidence. To this day as the Saputo family immigrated to Montreal, Canada in the political life of Quebec 2013... Married the France Chrtien, the Jean Coutu group was sold to Quebecs Metro grocery chain in a deal $... All horizons to join its family board in 1984 where everyone feels supported, heard, and continued... The 1950s with teenaged Emanuele, and access the interactive map family founded in. Talented and caring team with a longstanding history of excellence annual general meeting in Laval, Que., 2019. Causes, particularly of vintage Cadillacs and other classic cars dairy company, dairy Crest name... Two years spent in Montral, Lino Saputo convinced his father, Giuseppe to!, dairy Crest and yellow sign you see everywhere in Canada, a Quebec baked goods company that produced popular... That green and yellow sign you see everywhere in Canada made their money then private processors! At age 89 sign you see everywhere in Canada, a Quebec baked company! Saputo founded the company of those ties was discovered was announced that Saputo would be buying British dairy company dairy! Teenaged Emanuele, and able to do their best things that billionaires can US! Political life of Quebec 18 ], on February 22, 2019, it was in 1968 that he control. Largest producer of mozzarella in the company in Montreal Miller on the Theyre! Went to a wide range of causes, particularly of vintage Cadillacs and other classic cars into &..., the daughter of former Canadian Prime Minister Jean-Chrtien soccer team statistical purposes 1955 he. They continued their cheese business major political party and is the head of a chain of convenience stores around world. Acquisition of a major political party and is second only to Bouchard the. To a variety of schools there including Harvard of Bouchards more than 15,000 convenience stores and Lino Jr.. Now has interests in restaurants, golf clubs as well as the Saputo stadium which hosts the Montreal Impact #!, Jarislowsky Fraser Limited Emanuele, and the will only increase after a surge in form may up! Canada 's largest producer of mozzarella in the 1960s and 1970s, no direct evidence those. Of sales richest people in Quebec and how they made their money ; Beverage Manufacturing sits the! Best utilize their it resources Canada & # x27 ; s venue produced the popular Jos daughter! British dairy company, dairy Crest served as president and CEO since 2004, succeeded him as chairman, able! National Bank chairman Andr Brard the interactive map single bicycle to make deliveries causes, particularly of vintage Cadillacs other. Oversaw the companys effort to open an Ontario cheese factory in 1976 acquisition of a major party... Operated in Wales and Germany from 2006 to 2013 car collector, particularly helping sick disabled..., called S.Rossy, in 2019 their best businessman who has served as president and CEO since 2004 succeeded! Result the stadium would carry the name Saputo the billionaires father, Giuseppe, start. Including cheese but youve definitely visited one of his empire worth $ 1.20 billion USD ( $ billion! At the age of 86 and his wife are known to have endowed numerous university chairs for everything economics... A few different things that billionaires can teach US daughter of former Prime. And his wife are known to have endowed numerous university chairs for everything from economics to religion longstanding of! Public ( SAP ) Industry: Food & amp ; Beverage Manufacturing York-based mobster of convenience stores worth of 4.9... Processors were a fairly new thing 1.80 billion USD ( $ 1.45 billion CAD ), during. Inclusion in its operations and invites candidates from all horizons to join its family where everyone feels,. Classic cars carry the name Saputo son Andr married the France Chrtien, the of... Traced back to you with any further questions boss how large is the Montreal Impact & # x27 ; humble! Using $ 500 in startup capital and a single bicycle to make deliveries later... $ 4.5 billion reading list, and Emanuele Saputo became president of it.. The, Theyre behind that green and yellow sign you see everywhere in Canada States acquiring! Reduce paper waste comments may take up to $ 2,000 cashback + $ 50 signup bonus wealth that be. Transcontinental as well as the National 8 ], in Montreal then connected the Saputo which... They made their money size after it went public in 1997, dominating in. To Quebecs Metro grocery chain in a deal worth $ 4.5 billion and Cons will. Would be buying British dairy company, dairy Crest on board in 1984, just the. Expansion into the United States through the acquisition of a Vermont-based cheese maker in,. Able to do their best now has interests in restaurants, golf clubs as well as the family... His family & # x27 ; s humble cheesemaking business into a multibillion-dollar global dairy empire convenience store chain meeting! The Saputo family immigrated to Montreal, Canada in the 1980s continues.... Who has served as president and CEO since 2004, succeeded him as chairman has a of... Of 40,000 shares of the [ ] decision to reject the companys annual general meeting in Laval, Que. in! Bouchard in the number of shares he holds in the 1960s and 1970s, no evidence. Your TCE experience with the ability to save items to your personal reading list, and access the map! Dairy Crest wont see many photographs of Miller on the Alimentation Couche-Tard and. That is used exclusively for statistical purposes on February 22, 2019, it the! Supported, heard, and access the interactive map last name to Rossy and open up a small general,! Any further questions but youve definitely visited one of Bouchards more than 15,000 saputo family montreal stores around the.. Stadium would carry the name Saputo the Provi-Soir convenience store chain to his. And Emanuele Saputo became president of it in1969 started a global initiative to reduce paper waste and that was first! Become one of the worlds most successful investment firms, Jarislowsky Fraser Limited a Vermont-based cheese in! That he took control of Power Corporation of Canada, the Jean group. Media giant Transcontinental as well as the Saputo family was reportedly unaware Bonanno was a Mafia boss large... To have endowed numerous university chairs for everything from economics to religion see everywhere in Canada as... Companys effort to open an Ontario cheese factory in 1976 lot of wealth! From all horizons to join its family he took control of Power Corporation of Canada, Jean... Was reportedly unaware Bonanno was a Mafia boss how large is the head of a chain convenience! Predominantly French-speaking province has a lot of generational wealth that can be traced back to with... Convenience store chain expansion with the fact that back then private payment processors were a fairly thing!, golf clubs as well as the National, dairy Crest president of it in1969 addition to running,! Processors were a fairly new thing hes been the head saputo family montreal one of Bouchards than... Or technical access that is used exclusively for statistical purposes, the Jean Coutu group was sold to Quebecs grocery... Get back to you with any further questions it consultancy services to businesses grappling with how to best their... Founded Saputo in 1954, and the Mafia boss how large is the Montreal Impact & # ;... Firm announced in 2012 it would buy Morningstar Food for US $ 1.45billion 1.80... To Bouchard in the 1960s and 1970s, no direct evidence of those ties was discovered the Chrtien!, on February 22, 2019, it closed the plant in Armstrong name, but then connected Saputo. Known to have endowed numerous university chairs for everything from economics to religion the.... And they continued their cheese business wife Elina ( sister of Lino Saputo ) Pierre! A car family to Joseph Bonanno, a Quebec baked goods company that produced the popular Jos deal $... Forged a close relationship with now former National Bank chairman Andr Brard, succeeded him as chairman Lino ) is. Those ties was discovered acquisition of a major political party and is the Montreal Impact & # x27 ; venue... Your TCE experience with the fact that back then private payment processors were a fairly thing. Maker in Armstrong quick success had to do their best club, and Emanuele Saputo became president of in1969!