[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.
NEW YORK (AP) — David Rockefeller, the billionaire businessman and philanthropist who was the last in his generation of one of the country's most famously philanthropic families, died Monday. He was 101.
Rockefeller died in his sleep at his home in Pocantico Hills, New York, according to his spokesman, Fraser P. Seitel.
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.