Aldo Bensadoun

Aldo Bensadoun

2011 Economic Economic

A man of influence in the Montréal business world, Aldo Bensadoun is executive chairman of ALDO Group Inc., which he founded in 1972. Based in Montréal, ALDO Group is a private company that is internationally recognized as a leader in retail.

The son of a shoe merchant and grandson of a shoemaker, Aldo Bensadoun studied at the primary and secondary levels in France and at Cornell University in Ithaca, New York. He also received a degree in economics from Montréal’s McGill University. He then got involved in commercial research, which led him to complete a project for a local shoe retailer. His knowledge of the shoe market, his passion for creativity and his innovative spirit prompted him to found his own business. Today the ALDO Group has over 1,000 stores in Canada, the United States, the United Kingdom, Denmark and Ireland. It is represented by six banners: ALDO, ALDO Accessories, Locale, Little Burgundy, Spring and Globo, and has a presence in 60 other countries where it operates more than 500 stores.

Mr. Bensadoun is actively involved in the dayto- day operations of his company and continues to lead the ALDO Group’s strategic growth. Convinced that an organization’s development is a function of the professional development of its human resources, he has made his employees a priority and established himself as an industry leader by offering innovative recognition programs.

Aldo Bensadoun also applies this philosophy to his customers. He believes that prosperous, successful businesses are those that stay centred on their values and that offer products and services that deliver a sense of well-being. This perspective has allowed the ALDO Group to stay one step ahead of both trends and the needs of consumers, and is what has made its popularity. In addition to his role on industry associations such as the Retail Council of Canada, the International Council of Shopping Centers and the National Retail Federation in the U.S., Mr. Bensadoun is a member of the board of directors of Aritzia, a Canadian name in fashion that is growing in popularity abroad and among celebrities.

A major philanthropist, Mr. Bensadoun has made social responsibility a pillar of his company. Whether in education, social services, medicine or the arts, giving back to the community has always been second nature to him. He often takes part in fundraising activities and gets involved in many community and international causes. A forerunner even in the choice of causes it takes up, the ALDO Group was one of the first companies to help fight AIDS in 1985, when the disease was still taboo. Today, it also supports Hope & Cope, a Montréal non-profit organization that offers a psychosocial approach to the treatment of cancer. In 2011, Mr. Bensadoun was inducted into the Canadian Business Hall of Fame.