[AP] - Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died.
TORONTO (AP) -- Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died. He was 81....
The trend among billionaires to give at least half their money to charity, the so-called Giving Pledge, has not always been so popular. Many have preferred to keep it in the family, or at least try.
A new ruling in a divorce within one of Canada’s richest families — which overturns a key part of the contract imposed by the patriarch on his children and their spouses, severely limiting their claims in the event of divorce — shows just how difficult this can be.
TORONTO — McCain Foods said Wednesday it has signed a deal to sell its North American frozen pizza business to Dr. Oetker GmbH.
Financial terms of the deal were not immediately available.
The deal covers the Ellio’s brand in the U.S. and a two-year licence for the use of the McCain brand in Canada.
The company said pizza represents a small portion of its North American business and the move will allow it to focus on other areas.
TORONTO — An heiress of the McCain Foods empire replied to allegations that she’s running a “smear campaign” against her estranged husband by accusing him of painting her like a “wicked stepmother” and trying to “unjustly” enrich himself through a $5 million marriage contract.
TORONTO — The CEO of Maple Leaf Foods has been ordered to pay his ex-wife $175,000 a month in interim spousal support after an Ontario judge struck down parts of a marriage contract meant to keep the family’s wealth within the bloodline.
Michael McCain must also make retroactive payments stretching back to July 2011, the first month of his split from his wife of 30 years, Christine McCain.
As a boy, Chaim Neuberger was the youngest of a large family in Czortkow in eastern Poland, site of a famous failed 1940 rebellion against Soviet troops then still allied with Hitler’s Germany. At the end of the war, after a long stint in hiding, he alone in the family had not died at the hands of the Nazis.
When he did die in 2012 aged 86, he was a massively rich real estate mogul and Toronto philanthropist, with a fortune well over $100 million and two daughters, Edie and Myra, to whom he wanted to bequeath everything equally, his wife Sarah having predeceased him.