Have You Heard………

Shortly after the Wednesday Developers & Chains issue was out, we learned a little more information regarding the real estate duties at Aritzia.  Dianne Lemm at Jones Lang Lasalle pointed out that she is now only assisting Aritzia with the street front site selection.  She is not handling any of the real estate selection in the malls.  The company has brought the mall site selection in-house.(Aritzia Inc. - www.aritzia.com)................

Last week, Canadian Tire Corp. Ltd. announced two senior executive appointments. Gregory Craig has been named Executive Vice-President and CFO, CTC and Mahes Wickramasinghe has been appointed President, Canadian Tire Financial Services and President and CEO, Canadian Tire Bank. Both appointments are effective March 2, 2020. Craig is a Chartered Professional Accountant, Certified Management Accountant with over 25 years of experience at CTC during which time, he has held progressively senior finance roles within the enterprise and played an integral role in the acquisition of Sport Chek in 2012. He was subsequently named CFO of Sport Chek and Mark's, and thereafter as CFO of Canadian Tire's Retail segment. Wickramasinghe is a Certified Public Accountant (U.S.A) and a Fellow of the Chartered Institute of Management Accountants (UK) with extensive banking experience which will further strengthen the role of Financial Services as an integral part of CTC's overall growth strategy.  (Canadian Tire Corp Ltd. – www.canadiantire.ca)........

The Board of Directors of Reitmans (Canada) Ltd. has announced the appointment of Stephen F. Reitman as CEO of the company, effective immediately.  He will retain his current role as President of the company.  The company also announces the appointment of Daniel Rabinowicz, as Chairman of its Board of Directors, effective immediately. Reitmans (Canada) Ltd.- www.reitmanscanadalimited.com).........

Cadillac Fairview Corp has just announced its intention to introduce a luxury lifestyle hotel brand to downtown Vancouver's CF Pacific Centre.  The new hotel would occupy the site currently being operated by the Four Seasons Hotel. The hotel chain will be ceasing operations at the end of January 2020, making way for CF to welcome a new hospitality and entertainment offering reflective of Vancouver's current stature as a premier tourism and business destination.  "With today's announcement we are once again contributing to the fabric of the City by introducing an exciting and vibrant hospitality concept to our landmark property that will solidify it as the destination of choice in downtown Vancouver," said Tom Knoepfel, Senior Vice President, Western Portfolio, Cadillac Fairview. Preliminary work will commence in Spring 2020. (Cadillac Fairview Corp. – 416/598-8200)……

Another sad note, Tony Kerr left us on January 15th, 2020 with his daughters Maria and Patricia at his side.  Another one of the ‘industry good guys, Tony spent about 45 years with the Bata Shoe Co. and after retiring from Bata in 2001, he spent another twelve years with the J.J. Barnicke Ltd. brokerage.  He’ll be missed……..

Due to the up coming conference and traveling, Developers & Chains will not be published on Wednesday, January 22nd.  The next issue will be on Monday. January 27th.  Have a great week and we’ll see you in Whistler……..