Dufresne, Mega, Palliser & South Shore among Best Managed 2017
TORONTO – For a comparatively small sector of the economy, this country’s furniture industry has at least eight representatives among Canada’s Best Managed Companies, the business awards program that recognises excellence in Canadian owned and managed companies with revenues over $15 million.
Established in 1993 by Deloitte, the Toronto-based accounting and management consulting firm, the program receives hundreds of applications each year from companies seeking to earn the designation, which is the result of what the company calls a “rigorous and independent process that evaluates the calibre of their management abilities and practises.”
The organisers believe four elements make the Best Managed Companies unique, including: its focus on Canadian owned and managed companies; its recognition of overall business performance and sustained growth; its recognition of the efforts of the entire organisation; and, that it measures more than financial performance.
In addition to Deloitte, several other prominent Canadian institutions are involved in the judging process including Canadian Business magazine; MacKay CEO Forums; CIBC’s corporate banking division; and, the Smith School of Business at Queen’s University.
The program is divided into categories, ranging from first time winners to its Platinum Club, which is reserved for those firms who have earned the designation for eight or more consecutive years.
Two Canadian furniture retailing organisations retained their Platinum designation for 2017: Mega Group, the Saskatoon-headquartered co-operative buying group; and, The Dufresne Group, the Winnipeg-based operators of the 11-unit Dufresne Furniture & Appliances; the Dufresne Retail Solutions Group; and, a network of some 30 or Ashley Furniture HomeStores across the country.
For Mega, 2017 was the 16th consecutive year it had received the designation and the 11th consecutive year at the Platinum Club level.
“The Best Managed symbol continues to be an acknowledgement of Mega Group’s pursuit of excellence and recognises the remarkable effort of the entire company to improve processes and enhance services as we continue to grow our membership and provide quality services to our members, vendors and partners,” Benoit Simard, Mega’s president and chief executive officer, said in a statement. “This designation is another way of recognizing our longevity and capacity for renewal.”
Two contract furniture companies also retained their Platinum Club designation in 2017. One was Artopex, the Granby, Quebec-located producer of office and commercial furniture. This was the tenth consecutive year it had received the award and the fourth time at the Platinum level. The other was Nienkamper, the Toronto-based furniture maker.
Home Hardware of St. Jacob’s, Ontario, the parent of Home Furniture received the program’s gold standard in 2017 – marking the fourth year in which they had received the Best Managed designation. Also attaining this goal was Arconas, a contract seating specialist based in Mississauga.
Two residential furniture manufacturers were also named for a second time to the Best Managed list in 2017 including upholstery specialist Palliser Furniture and e-commerce case goods producer South Shore Furniture.
For more information about the program, check out its web site at: canadianbusiness.com/best-managed-companies.