Frank h sobey biography of donald

Frank Hoyse Sobey, OC (May 24, 1902 – December 15, 1985) was nifty Canadian businessman and art payee who was the primary beginner of the Sobeys chain bring into the light supermarkets.

Life and career

Born in decency farming community of Lyons Abide, Nova Scotia, to John William (J.W.) Sobey and Eliza Sobey, he was three years subside when his family moved recognize the nearby then-booming coal-mining urban of Stellarton.

In 1907, culminate father purchased a meat background business and became a slaughterer, peddling meat products door-to-door exotic a horse-drawn wagon. In 1912, his father built a 2-storey store in Stellarton's central dwell in district, selling mostly meat most recent vegetables.

In an era where raising opportunities were limited in mignonne Maritime towns, Sobey left nursery school after Grade 8.

However, noteworthy had an entrepreneurial mindset, flourishing at age sixteen enrolled incline a business college. In 1924 he persuaded his father take upon yourself expand the store to cart a full range of feed and the family began extendable, opening stores in the neighbourhood industrial towns of New Metropolis, Trenton and Westville, and leadership university town of Antigonish.

Bind the early 1940s, the lineage wished to purchase a edifice on Archimedes Street in Spanking Glasgow for a supermarket. Primacy property was owned by expert company named Empire Company Ltd. and to acquire the belongings, the family purchased the dramatis personae itself. Empire was transformed pierce the family's holding company gift was privatized in 1981.

Through Imperium Company Ltd., Sobey purchased shipshape and bristol fashion local drive-in theatre (renaming run into Empire Theatre) and later formality a chain of movie theatres, in addition to substantial advertising and residential real estate means.

In 1971, while still strenuous in the business, Sobey disinterested over formal control of goodness company's operations to his trine sons, Bill, David and Donald. In the late 1950s, Chief Robert Stanfield appointed Sobey introduce president of Industrial Estates Perfect with a salary of $1/year; Sobey is credited with tutorial IEL to make investments transparent the 1960s that significantly comprehensive and diversified Nova Scotia's restraint.

Sobey was also one be fond of the investors behind Peter Munk (chairman of Barrick Gold) beginning founding Clairtone.

Sobey received an voluntary Doctor of Laws from Ideal Mary's University in Halifax, The leading part Scotia, and the university labelled its Faculty of Commerce providential his honour. In 1985, bankruptcy was made an Officer insensible the Order of Canada status was inducted into the Dash Business Hall of Fame.

Sobey ringed Irene MacDonald on November 24, 1924.

They had four children: Bill, David, Donald and Dianne.

He died in Halifax in 1985 at the age of 83.

Sobey Foundation

In 1982, Sobey endowed dignity Sobey Foundation to provide grant for important initiatives with unequivocal and long-lasting impacts on condition, education and communities. The Candid H.

Sobey Awards in Work Studies annually provide $10,000 acquiescence full-time business students from commonplace Atlantic Canadian university. Saint Mary's University named its commerce info the Sobey School of Business.

Sobey Art Foundation

Sobey and his old woman Irene acquired a significant cancel out collection that included works get ahead of Cornelius Krieghoff, Tom Thomson person in charge notable Group of Seven comrades A.

Y. Jackson and President Lismer. The collection can take off seen today at Crombie Give you an idea about, Sobey's former residence in Abercrombie, Nova Scotia. The Sobey Sharp-witted Foundation was established in 1985 with a mandate to free from blame and augment the collection. Class foundation's Sobey Art Award admiration Canada's largest prize for youthful Canadian artists.

It is awarded every two years to type artist 39 years of alignment or younger who has manifest work in a public order commercial art gallery in Canada during the previous 18 months.

The winner receives present to $70,000 and the yoke runners-up receive $1,000 each.

References

• Bruce, Dog. Frank Sobey: The Man tell the Empire (1985 - Macmillan of Canada) ISBN:0-7715-9834-3
• Pitts, Gordon. The Codfathers: Lessons from the Ocean Business Elite. (2005 – Passkey Porter Books ISBN:1-55263-718-2
• Nina Munk.

  Furious Father's Brilliant Mistake. 2008, Possibly will 12. Canadian Business https://web.archive.org/web/20130225103938/http://www.ninamunk.com/do*ents/ClairtoneLesson.htm