August 18, 2017 5:02 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of The ALDO Group Inc.

Company Overview

The ALDO Group Inc. designs and manufactures footwear and accessories. The company also operates as a wholesale distributor and third-party sourcing provider of fashion footwear and accessories. It offers its products online, as well as through its stores in Canada and internationally. The ALDO Group Inc. was founded in 1972 and is based in Montreal, Canada with ancillary offices in China; Italy; and London, United Kingdom.

2300 Emile-Belanger

Montreal, QC H4R 3J4

Canada

Founded in 1972

Phone:

514-747-2536

Fax:

514-747-7993

Key Executives for The ALDO Group Inc.

Chief Executive Officer
Founder and Chairman
Age: 78
Vice President of Finance
Deputy Chairman and Vice President of Corporate Planning
Compensation as of Fiscal Year 2017.

The ALDO Group Inc. Key Developments

The ALDO Group Inc. Announces Management Changes

ALDO Group Inc. to announced that David Bensadoun – the eldest son of the company's founder, Aldo Bensadoun has been appointed as chief executive officer, reporting to the chairman of the board effective April 3, 2017. This exciting transfer of responsibility marks decades of family collaboration and commitment. David Bensadoun joined the company in 1995 as a project manager and rose through the ranks to his most recent role as President of ALDO Group North America (AGNA). Aldo Bensadoun has named Jurgen Schreiber as chairman of the ALDO Group Inc. Mr. Schreiber, a member of the advisory board for the past four years, has significant experience in the industry including CEO of Health and Beauty Europe, at A.S. Watson where he was responsible for 4,000 stores in 23 countries, CEO and president of Shoppers Drug Mart (Pharmaprix in Quebec), CEO and president of Rexall Health and most recently as senior managing director Katz Group. As chairman, Schreiber will report to the ALDO Group Inc. board of directors. Norman Jaskolka has been appointed Deputy Chairman of the ALDO Group Inc. In this role, Jaskolka will report to both the CEO and the Chairman.  Jaskolka will continue to lead ALDO Group International (AGI), Strategic Partnerships and the company's acquisition efforts. Jaskolka has held leadership roles within the Aldo Group over the last twenty-two years, most recently as President, ALDO Group International.  In addition to his new responsibilities at ALDO Group Inc., Jaskolka has also been named CEO of Sweet Park Holdings, which owns the ALDO Group Inc. and the other Bensadoun family investments. Furthermore, Jaskolka has been appointed to the Board of Directors of the ALDO Group Inc. Both Jaskolka and Schreiber are thrilled to be assuming these important roles.

Aldo Group to Open 170 Stores

Aldo Group announced that the company plans to open 170 new stores in Gulf countries in the next five years. In addition to opening new stores the company is also focusing on e-commerce.

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