True to its vocation, zero-waste grocery chain Loco will reduce its architectural packaging: at the end of September, it will relocate one of its four stores to a smaller location and replace its warehouse with a mobile organization.
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“It’s about making a decrease, to get back on an ultra-solid foundation and really get to the point,” explains Épicerie Loco’s managing director and co-founder, Andréanne Laurin, who is due to make the official announcement on August 9th Anniversary of the opening of the first store.
It’s the Ahuntsic branch, the largest and newest of the four establishments that opened just before the pandemic, that will be the subject of this wand.
“The goal is to optimize our internal resources,” she explains. If we see how the current context is working, what are the needs of the customers, what are their requirements, we will be able to resume growth. »
Because degrowth can be more of a tool than a failure, she learned from Startup Montreal’s Recharge program, of which she’s completing the five-month program—“tomorrow,” as she puts it.
She was part of the second cohort of 12 women entrepreneurs who sought advice Trainer and experienced business people to face their financing and marketing challenges or to reconsider their business model.
The usefulness of downsizing, or more specifically resizing, “is one of the lessons we’ve learned at Recharge that you never hear about as an entrepreneur,” she says. But since we made that decision and I tell other entrepreneurs about it, they tell me they’ve all been there and that it really makes sense.”
It was the post-COVID-19 upheaval — rush and then containment of clients, inconsistent health measures, timid recovery, labor shortages… — that prompted her to apply to the program.
“We lost a customer base early in the pandemic that we haven’t found yet, but it’s been pretty stable for a few months,” she notes. We still hope that we will soon reach post-pandemic consumption, which will put environmental issues back at the center of priorities. »
Inflation increased his concerns.
As they try to reduce the household impact of rising food prices, many consumers are put off by the reputation of expensive eco-friendly food.
However, argues Andréanne Laurin, “there is now a much smaller difference between food from an organic SME in Quebec and food from a supermarket. It is sometimes very surprising and you have to be careful.”
The ecological model encourages the zero-waste grocery store to work with small local producers to reduce middlemen and transport routes. “It still gave us an advantage because the prices are much more stable,” she says.
This has yet to be made clear to consumers. Because this is another lesson we learned from the Recharge program.
“We have seen that citizens want to embrace green consumption, but with a lot of support. You also need to be able to offer the products that make the biggest difference while being accessible. »
Adjustments are already underway in the branches.
“Everything used to be available in large quantities, but now there are products that we think are more advantageous if we offer them in reusable jars,” says the entrepreneur. There are also innovative companies that are beginning to accept 100% compostable packaging. Sometimes it allows us to offer products we haven’t had access to before or to improve the lifespan of products. We test them too. »
A woman at the head of Folks
In an industry where women are underrepresented in leadership positions, the news made an impact. The visual effects studio Folks has announced the appointment of Amélie Poitras as its president. She has been part of the Folks team since its inception in 2012, where she rose from producer to executive producer and then from studio head in Montreal to president. She was instrumental in the company’s expansion into Toronto, Bogotá and Saguenay, as well as the April 2020 acquisition process of Folks by The Fuse Group. She succeeds Sébastien Bergeron, who was recently appointed CEO of the group. Folks employs 369 people across its four offices, including 182 in Montreal. The study Invisible in visual effects on the Place of Women in the Special Effects Industry, published November 2021, showed that 27% of leadership positions were held by women at 60 large companies in the industry. That proportion drops to 16.2% for special effects executives named in the credits of 400 major films.
From St. Louis-de-Gonzague to Pitt Meadows
A little more order in the area of the kitchen cabinets. Home cabinet maker EBSU has acquired Eurorite Cabinets, a manufacturing company based in Pitt Meadows, British Columbia. The Saint-Louis-de-Gonzague company is thus realizing the third phase of its expansion campaign, which envisaged the construction of a new 180,000 square meter building.2 in Salaberry-de-Valleyfield, which has been operational since fall 2021, and the purchase of Woodlore International, which closed in July 2021. “With this acquisition in the west of the country, EBSU solidifies its position as a leading company in Canada,” President and CEO Napoleon Boucher in a statement. “Eurorite will enable us to optimize our production, our delivery times and our use of internal resources. Founded in 1981, EBSU sells its products to more than 1,000 outlets across Canada, including major home improvement chains.
Turbulent but effective
Turbulent seems to mock the economic and pandemic turmoil. The Digital Creation Company’s revenue has tripled in the last three years, going from 7 million in 2019 to over 20 million this year. The Montreal-based company, which has three divisions specializing in education, video games and media, intends to add 50 employees to its 150 employees over the next few months. The French subsidiary Turbulent France, founded in December 2021, employs seven people. The company that lives up to its name has multiplied transformations since its inception in 2002. Originally a communications agency, it became a custom software development company, then a producer of multimedia and web series, and finally a provider of web platforms and video games. More than 80% of revenue comes from abroad, mostly from the United States.
This is the number of countries that allow the use of cryptocurrencies, according to the interactive map published by financial services comparison platform HelloSafe on its website.