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Canada’s Bensadoun Becomes Billionaire Selling Aldo Shoes

Fri, 2014-04-11 16:14

Tanya Graber, a resident of Switzerland, researched fashion retailer Aldo on the Internet before her vacation to New York City.

“We saw these handbags and we wanted to buy these handbags,” Graber said, gesturing to the camel-colored leather model on the checkout counter at the company’s store on Lexington Avenue in Midtown Manhattan.

... The retailer has a value of $1.7 billion, according to data compiled by Bloomberg, making Aldo’s executive chairman, Aldo Bensadoun (BCom'64, LLD'12), a billionaire.

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Source Site: /desautels

Surgery Not A Magic Cure For Obesity

Tue, 2014-04-08 10:59

It is alarming, but obesity has reached epidemic proportions in Kuwait. Oil has not only brought great wealth to the Gulf, but a huge change in lifestyle and food habits. Fast food, fast cars and everything else that money can buy has led to the rise of obesity so much so that today at least 88 percent of Kuwaitis are considered overweight. 

Source Site: /desautels

LG Electronics changes tack for smartwatch battle with Samsung

Mon, 2014-03-24 16:49

Wearable devices are just starting to take off and global electronics companies are racing to release smartwatches ahead of rivals to capture a bigger slice of the emerging next-generation market.

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Source Site: /desautels

What I Learned This Week: Here Are The Crayons

Mon, 2014-03-24 16:59

Since January, I've been teaching a somewhat different type of course at McGill University. While saddled with the unfortunate standard curriculum name "Marketing and Society," the class is anything but.

... When I first put this course together, I had a discussion with two academics I respect immensely, Prof. Morty Yalovsky of McGill (who used to be MY stats prof in my undergrad years) and Prof. Pete McGraw of the University of Colorado at Boulder (and co-author of the upcoming book "The Humor Code"). 

Source Site: /desautels

Paladin Labs Founder Finds a New Knight

Wed, 2014-04-02 15:04

Entrepreneurs Jonathan Goodman (MBA'94) and Mark Beaudet built Paladin Labs Inc. from zero into a $3.2-billion international pharmaceuticals distributor in only 19 years.

Now Goodman, chairman of Paladin Labs when it was sold to Pennsylvania-based Endo Health Solutions Inc. on Feb. 28, has founded Knight Therapeutics Inc. in Montreal.

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Source Site: /desautels

Montreal Firm Formula Growth Makes Donation to Four Business Schools

Wed, 2014-04-02 15:03

Montreal-based investment firm Formula Growth Ltd. is hoping its $1.1-million gift to four business schools on Monday will inspire other private companies to help out the province’s struggling universities.

... Four Quebec business schools — Concordia University’s John Molson School of Business, McGill University’s Desautels Faculty of Management, Bishop’s University and HEC Montréal — got a much-needed private injection of funds with the $1.1-million donation, which is intended to foster entrepreneurship and innovative learning environments.

Source Site: /desautels

Darren Entwistle to Step Aside as Telus CEO, President But Remain as Executive Chairman

Wed, 2014-04-02 15:01

Darren Entwistle (MBA'88) is stepping down as chief executive of Telus, but his influence in running the company he built from a regional telephone service into a $25-billion national wireless player will remain.

... McGill University professor Karl Moore said most CEOs leave after six to 10 years and don’t stick around as long as Entwistle.

“It may be a little long, but I wouldn’t be too critical of it because of the kind of change he has brought to Telus in the time that he has been there and been in charge,” he said.

Source Site: /desautels

Malaysia Airlines : message de condoléances

Mon, 2014-03-24 16:59

L’Université McGill tient à offrir ses plus sincères condoléances aux parents et amis des passagers du vol MH370 de Malaysia Airlines, à bord duquel se trouvaient Muktesh Mukherjee (MBA'98), diplômé de McGill âgé de 42 ans, et son épouse Xiaomo Bai, 37 ans.

Source Site: /desautels

Malaysian Airlines: message of condolences

Mon, 2014-03-24 16:49

McGill University wishes to express its deepest condolences to the relatives and friends of the passengers of Malaysia Airlines flight MH370, who included McGill graduate Muktesh Mukherjee (MBA'98), 42, and his wife Xiaomo Bai, 37.

Malaysian Prime Minister Najib Razak announced today that according to data analysis, the plane crashed into the Southern Indian Ocean, killing all 239 passengers. The plane, which was heading from Kuala Lumpur to Beijing, disappeared on March 8.

Source Site: /desautels

Woulfe Mining Appoints Michel Gaucher as Chief Executive Officer

Wed, 2014-03-19 15:48

Woulfe Mining Corp. is pleased to announce the appointment of Michel Gaucher (MBA'69) as Chief Executive Officer of the Company. Mr. Gaucher replaces Hubert Marleau as CEO although Mr. Marleau remains a member of the Company's Board of Directors. The Company wishes to extend its gratitude to Mr. Marleau for his tenure as Interim Chief Executive Officer.

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Source Site: /desautels