As the company enters its next phase of growth, it continues to move beyond its DTC roots, investing more heavily in marketing, building out its internal capabilities, and enhancing its showrooms while adding new physical locations, says COO Majed Mased, who co-founded the company with CEO Noura Sakkijha back in 2015.
Indochino is building its executive team as it lays the foundation for long-term growth in North America and abroad.
The federal government has failed to keep up with the pace of the changing digital marketplace and as a result has likely lost out in millions of tax revenue, according to Canada’s auditor general.
Roots' Chief Financial Officer Jim Rudy, has resigned to pursue an opportunity at a private, family-owned food services company. Mr. Rudyk's last day at Roots will be August 9, 2019.
"On behalf of the Roots team and our Board of Directors, I would like to thank Jim for all of his contributions to the company over the last three years, including playing an integral role in our transition to a public company," said Jim Gabel, President and CEO, Roots. "We wish him well in his new role."
Mr. Rudyk will continue in his role as Chief Financial Officer until his departure from the Company. Roots will commence a formal search for Mr. Rudyk's replacement immediately, including retaining a third-party executive search firm.
"This was a very difficult decision for me to make," said Jim Rudyk. "Roots has an excellent team and exciting long-term global growth opportunities. I wish my Roots colleagues all the best for the future."
Exclusive brands like Motomaster and Mastercraft have long been staples on the retailer’s shelves, but expanding that portfolio is a “driving force behind Canadian Tire’s growth strategy,” says Rebecca Harth, associate VP of brand management for its cooking portfolio. It’s doing that through brands the retailer grew itself (Canvas furniture), acquired (Paderno kitchenware and Helly Hansen outerwear) or secured the exclusive rights for in the Canadian market (Petco pet products).
There are approximately 1.4 million Muslims in Canada today and by 2021, it’s projected by Statistics Canada that they will outnumber ethnic Chinese in this country, Salima Jivraj, multicultural lead at Nourish Food Marketing and founder of the Halal Food Festival told attendees at a session at SIAL Canada last week. “Add in the annual growth rate of 10% to 15% in the halal market and you can see why you can’t afford to ignore these numbers anymore.”
Few self-made entrepreneurs have launched a multimillion-dollar business with nothing to lose, and within five years secured a partnership with one of the biggest cannabis companies in the world.