Four grocery retailers were named to Canada's Best Managed Companies for 2020 for seven years running, achieving platinum status.
Colemans Food Centres, Longo Brothers Fruit Markets, M&M Food Market and Quality Foods are among the grocery retail winners. Several supplier companies have also made the notable list of Best Managed Companies.
Burnbrae Farms Ltd.
Canadian Tire Corp.
Maple Lodge Farms
McCain Foods (Canada)
Summer Fresh Salads
The Oppenheimer Group
Mike & Mike's Organics
Now in its 27th year, Canada's Best Managed Companies awards program highlights top privately-owned Canadian companies with annual revenues of more than $15 million.
"Every year the bar set by this elite roster of Best Managed companies is raised higher," said Peter E. Brown, national co-leader of the Canada's Best Managed Companies program and Partner, Deloitte Private. "Now 26 years since the program's inception, Best Managed companies are taking their successes global. Not only are winners securing Canada's place on the world stage, they're also proving to be more productive and sustainable across borders."
While Canada's Best Managed Companies continue to excel and find success in 2019, a leading trait among winners is a sharp focus on the future. By actively preparing for tomorrow, Best Managed companies are demonstrating resilience ahead of new challenges. According to a recent Deloitte study, "Outlast and outperform", companies that make choices with a view toward long-term success have average revenues 47 per cent higher than those that do not.
"This year's Best Managed winners know what it takes to succeed in the future. By investing in innovation and embracing a people-centric approach, these companies are outpacing their competition," said Lorrie King, national co-leader of the Canada's Best Managed Companies program and Partner, Deloitte Private. "In thinking long term, these companies are already ahead of the curve and are set to be better prepared and successful in the years to come."
Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte focused on serving private clients of all sizes. The Best Managed program has grown to include 477 companies, offering a strong network to support the 47 winners of 2019. The network continues its expansion beyond Canadian borders, now with presence in 14 countries globally.