Aldo is still privately held, 40 years after Aldo Bensadoun, a French immigrant of Moroccan origin, opened his first store on Ste-Catherine St. But some of it comes from an old truth: Good news makes no news.
With 1,600 stores in 80 countries under four banners (Aldo, Spring, Globo, Little Burgundy), Aldo is on track to reach a record $1.8-billion in sales for its 2013 fiscal year, which ends Jan. 31, up from $1.6-billion last year. And profits are following suit, according to David Bensadoun, president of Aldo global retail and Aldo product services. “Despite the global recession, we are doing well,” says the eldest of Aldo Bensadoun’s three children, aged 42.
How Aldo has put the boots to its rivals for 40 years - The Globe and Mail
With 1,600 stores in 80 countries under four banners (Aldo, Spring, Globo, Little Burgundy), Aldo is on track to reach a record $1.8-billion in sales for its 2013 fiscal year, which ends Jan. 31, up from $1.6-billion last year. And profits are following suit, according to David Bensadoun, president of Aldo global retail and Aldo product services. “Despite the global recession, we are doing well,” says the eldest of Aldo Bensadoun’s three children, aged 42.
How Aldo has put the boots to its rivals for 40 years - The Globe and Mail
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