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Macleans

Roots Canada

The press clippings are piled three inches high on a table in Michael Budman's Toronto office. The co-owner of Roots Canada Ltd. strides into the sunny room, stops to survey the pile, plucks out a picture that features Prince William wearing the red Roots Olympic hat.

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Roots Canada

Roots Corporation (better known as Roots or Roots Canada) is a publicly traded retail clothing business. It was co-founded by fashion designers and businessmen Michael Budman and Don Green, both from Detroit, Michigan. Budman and Green first met in 1962, when they were attending Camp Tamakwa in Ontario’s Algonquin Park. Following their graduation from Michigan State University, Budman moved to Canada in 1969 and Green followed a few years later in 1972. In 1973, Budman and Green began production of their version of the “negative heel” shoe — the first product sold under the Roots brand. That same year, on 15 August, the duo opened their first store in Toronto. Inspired by their early years at Algonquin Park, Budman and Green quickly made Roots, with its beaver logo and cottage feel, an iconic Canadian brand. In 2015, Budman and Green sold a majority stake to Searchlight Capital Partners, though the founders remain prominent shareholders. In October 2017, Roots made its initial public offering (IPO) in Canada, trading on the Toronto Stock Exchange under the symbol ROOT.

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Royal Bank of Canada (RBC)

Royal Bank of Canada (RBC) was founded in 1864. Today, it is the country’s largest chartered bank and financial institution. It has five divisions: Personal and Commercial Banking, consisting of banking operations in 36 countries around the world; RBC Wealth Management, consisting of investment products and services for retail investors; RBC Capital Markets for international investment banking services; RBC Insurance for individual and group clients; and Investor and Treasury Services, providing custody services and fund administration for international clients. Royal Bank is a public company that trades on the Toronto Stock Exchange, New York Stock Exchange and SIX Swiss Exchange under the symbol RY. In 2019, RBC registered $46 billion in revenue and $12.9 billion in profit and held $1.4 trillion in assets. Royal Bank employs more than 85,000 people, who serve 17 million customers.

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Royal Trustco Ltd

Royal Trustco Ltd, with head offices in Ottawa, was a Canadian holding company incorporated in 1978 to become the parent of the Royal Trust group of companies. It carried on trust, financial, real-estate and deposit services in over 100 branches in Canada, the US and overseas.

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Rupert's Land

Rupert’s Land was a vast territory of northern wilderness. It represented a third of what is now Canada. From 1670 to 1870, it was the exclusive commercial domain of the Hudson’s Bay Company (HBC) and the primary trapping grounds of the fur trade. The territory was named after Prince Rupert, the HBC’s first governor. Three years after Confederation, the Government of Canada acquired Rupert’s Land from the HBC for $1.5-million. It is the largest real estate transaction (by land area) in the country’s history. The purchase of Rupert’s Land transformed Canada geographically. It changed from a modest country in the northeast of the continent into an expansive one that reached across North America. Rupert’s Land was eventually divided among Quebec, Ontario, Manitoba, Saskatchewan, Alberta and the Northwest Territories.

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S. Sabathil & Son Ltd.

S. Sabathil & Son Ltd. Vancouver harpsichord makers (whose workshop is on Bowen Island). The company was established in 1960 by Simon (b ca 1896 d Vancouver 1980) and Sigurd (b 1939) Sabathil, who had immigrated to Canada from Marianské Lázne, Czechoslovakia.

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Sabian Ltd.

Sabian Ltd. Cymbal manufacturer, established in 1982 by Robert Zildjian at Meductic, near Fredericton, in a factory opened in 1968 by Azco Ltd, a subsidiary of the US-based Avedis Zildjian Co.

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Sanofi Pasteur Limited

Sanofi Pasteur Limited, formerly known as Connaught Laboratories Limited of Toronto, is the leading supplier of vaccines in Canada. The parent company is Sanofi Pasteur, one of the world's largest manufacturers of vaccines and a division of Sanofi-aventis, a diversified pharmaceutical company.

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Seagram

Seagram Company Limited, commonly known as Seagram or Seagram’s, was the world’s largest producer and distributor of distilled spirits. Its head offices were in Montréal. While Seagram traced its roots back to a distillery founded in 1857, it was incorporated as a public company in 1928 under the name Distillers Corporation-Seagrams Ltd., a holding company that acquired the capital stocks of Distillers Corporation Ltd. and Joseph E. Seagram & Sons Ltd. It gained notoriety during American prohibition (1920–33), during which time Seagram legally exported spirits directly and circuitously to the United States. The company was majority owned and operated by the Bronfman family; Samuel Bronfman established the company in 1928 and his eldest son, Edgar, took over after his death in 1971. Edgar in turn handed control to his son Edgar Jr. in 1994. The company expanded and diversified a few times, branching from the liquor business to the oil and gas industry in the 1950s and 1960s, the petrochemicals industry in the 1980s, with industry giant DuPont, and the entertainment and communications business in the 1990s, with MCA Inc. and Universal. In 2000, the company was sold to French conglomerate Vivendi, who retained Seagram’s entertainment and communications wing but sold its distilling interests to Pernod Ricard and Diageo.

Macleans

Seagrams Buys MCA

Last week, as investors tried to get used to the idea of Seagram Co. Ltd. as a show-biz giant, America’s newest movie mogul was in California. Edgar Bronfman Jr. was visiting the institution that redefined his company: the huge entertainment conglomerate MCA Inc.