But I have learned to be surprised in the +12 years of franchisee advocacy.
I remember getting a tour of their Toronto facilities in the late ’70s as an assistant manager for Temgo Inc., a McDonald’s restaurant franchisee. A good outfit then, I thought.
Now, there are +700 franchisees who deliver, merchandise and manage a 24/7 continuous bakery distribution system to the largest grocery stores, to the smallest volume C-store. This is not an easy task.
This is what Google Finance has to say about Canada Bread Company Limited, CBCL (TSE:CBY):
Canada Bread Company, Limited (Canada Bread) is a manufacturer and distributor of bakery products, frozen par-baked products and pasta and sauces. The Company operates in North America. As at December 31, 2008, Canada Bread was 89.8% owned by Maple Leaf Foods Inc.
As far as the fresh bakery franchisees guys go, the chain of command listed is as follows:
- Michael H. McCain, Chairman of the Board
- Richard A. Lan, President, Chief Executive Officer, Non – Independent Director
- Michael H. Vels, Chief Financial Officer, Director
- C. Barry McLean, President – Canada Bread Fresh Bakery
I have been working as a consultant to the franchisees for almost a year now.