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"The Basketball Game" is a graphic novel adaptation of the award-winning National Film Board of Canada animated short of the same name – intended for audiences aged 12 years and up. It's a poignant tale of the power of community as a means to rise above hatred and bigotry. In the end, as is recognized by the kids playing the basketball game, we're all in this together.

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Tag: Dragons’ Den

One of the new “dragons”

Soft-spoken, reserved, thoughtful. Hardly the epitome of a dragon. Yet, Joe Mimran’s definitely a dragon – one of the newest on the panel of investors on Dragons’ Den, CBC’s hit entrepreneur reality show.

The Canadian fashion designer, clothier and entrepreneur is best known for launching the Club Monaco and Joe Fresh brands. He is also a partner in Gibraltar Ventures, investing in early-stage digital businesses.

photo - Joe Mimran
Joe Mimran (photo from Joe Mimran)

The 63-year-old, Moroccan-born immigrant has spent nearly his entire life immersed in business, in ventures on his own or with family members, particularly in the clothing industry.

At an early age, he assisted his mother, Esther – who was a couturier in Morocco – in her Toronto-based boutique garment outlet. That business grew, necessitating the purchase of a small factory in Toronto’s garment district in the mid-1970s. Mimran joined to lead operations, manufacturing and finance.

“I was inspired by the design and esthetic world,” he said. “I like designing products, building stores.” He was “inspired by great prints, inspired to want to be entrepreneur.”

That inspiration evolved into Ms. Originals, tailoring suits and pants for women and, soon thereafter, Mimran and brother Saul hired designer Alfred Sung, with a goal to create their own clothing line. The Alfred Sung collection swiftly soared in popularity across the continent.

By the mid-1980s, he launched yet another line, based on the idea that a plain, white, quality cotton shirt was unavailable in the market – and Club Monaco brand was born.

“If you’re not a risk taker and abhor taking risks, entrepreneurship is not for you,” said Mimran.

“There were many people along the way of my career who said, ‘You’re crazy, don’t do this or don’t do that. What do you waste your time for doing that?’ I have stuck to my guns. Sometimes you need to say to naysayers that you have to pursue your dream.”

Unfortunately, the plan didn’t go smoothly at first. The Bay and Eaton’s didn’t want to carry the product.

“We realized that we had all these goods coming in and the only way we could move forward was to open our own stores,” he said.

They rolled the dice on a 5,000-square-foot store in trendy Queen Street West in Toronto, showcasing an array of attire. The day it opened in September 1985 saw their marketing campaign pay off in a major way, with line-ups to get into the store.

“From adversity comes something terrific,” said Mimran. “We realized, as we opened our own stores, we’ll cut out the wholesale margin.”

At the time, such a move was rare. Typically, retail stores bought through a wholesaler, he explained. “But, sometimes, you just have to dive in, make the mistakes, fix it, move forward, make more mistakes, and try different things.”

Mimran dived in, not only opening a flagship Club Monaco store in New York City on Fifth Avenue in 1995, but opening another 120 stores in the next four years. That success caught the eye of Polo Ralph Lauren Corp., who purchased both Club Monaco and Caban (another Mimran line) in 1999.

“A lot of businesspeople, having had lots of problems in the past, will try to dissuade somebody else,” said Mimran. “But your idea might be done in a new way, might resonate in a way that this very experienced person didn’t, couldn’t, anticipate. There’s always an idea that surprises people, and that leads to success.”

Mimran has continued that success, time and again.

Pink Tartan – a women’s line – was yet another Mimran venture, appearing in high-end retail outlets such as Holt Renfrew and Saks Fifth Avenue, as well as in its flagship store in Toronto’s Yorkville.

Mimran’s Joe Fresh Style, a private-label apparel line for Loblaw Companies Ltd., was launched in 2006. The label has since opened free-standing stores – the first Joe Fresh opened on Granville Street in Vancouver in 2010 and, soon thereafter, in New York City. Many others followed.

Mimran said the apparel industry is among the most competitive industries in the world. Because of this fact and his own experiences, he empathizes with the entrepreneurs who come to the Den having had tough breaks.

“No matter how good you are, or what you know, you can still fail in our business,” he said. “It keeps you pretty grounded.”

Today, Mimran sees a future of entrepreneurs that have opportunities that were nonexistent a generation ago.

“There’s more willingness to try by the new generation – millennials – who are asset light, where boundaries and borders are not an issue. They live in a virtual world and have the ability to take on more risk. They look at the world in a dynamic way that leads to entrepreneurship,” he explained. “Particularly in today’s world, where things are so different in terms of how one communicates with the consumer, all the new online fundraising channels that are available, what’s old is new, what’s new is old. It’s the Wild West out there.”

Dave Gordon is a Toronto-based freelance writer whose work can be found in more than 100 publications globally. His is managing editor of landmarkreport.com.

Posted on March 25, 2016March 24, 2016Author Dave GordonCategories TV & FilmTags CBC, Club Monaco, Dragons' Den, Joe Fresh, Mimran
JFSA Innovators Lunch raises record amount

JFSA Innovators Lunch raises record amount

David Chilton, second from the right, with Josh, Michelle and Dr. Neil Pollock. (photo by Robert Albanese Photography)

More than 650 people attended the Jewish Family Service Agency’s 10th annual Innovators Lunch on May 1. This year’s keynote speaker was Wealthy Barber author and Dragons’ Den investor David Chilton.

JFSA board chair Joel Steinberg welcomed attendees to the event, which took place at the Hyatt Regency Vancouver, and introduced Beth Israel Rabbi Jonathan Infeld to make the HaMotzi. The rabbi explained the blessing and connected it to JFSA, describing the agency as “God’s partner in sustaining the most needy in our community, working together and bringing God’s blessing down from heaven and providing it in a real way.”

In his thanks and remarks, Steinberg noted how the Innovators Lunch had grown over the years, generating “significant funds for many important programs and services provided by JFSA.” Through corporate sponsorships, ticket sales and donations, this year’s lunch raised a record amount – more than $315,000, JFSA director of development and communications Audrey Moss told the Independent Monday.

The annual video, introduced by JFSA executive director Charlotte Katzen, not only highlighted the services offered by JFSA – this year focusing on mental health counseling and outreach – but celebrated the driving force behind the Innovators event, Naomi Gropper Steiner z”l, whose “dream, vision and tireless efforts” helped launch it. As the program noted, “Naomi was a remarkable person who dedicated her exceptional talents to helping others.”

Event chair Jackie Cristall Morris echoed those sentiments in her comments and offered thanks to all those who contributed to the lunch as she invited Dr. Neil Pollock to the podium. He and his wife Michelle were this year’s event angel donors, matching dollar for dollar any new gifts or portion of increased gifts, up to $20,000. “I can see that every additional dollar that I give helps to make the life of someone in need, in our local community, a little bit better. That is why we decided to offer the matching gift opportunity for the JFSA this year,” he said. Pollock praised JFSA as “a lifeline” for many, and encouraged everyone to give outside of their comfort zone, reassuring them that it would not change their circumstances, but would help change the lives of JFSA clients.

Shay Keil of Keil Investment Group at ScotiaMcLeod, which co-sponsored the lunch with Austeville Properties, introduced Chilton, who proceeded to entertain the audience with several jokes and stories, all of which had a humorous element. He started off bemoaning Fifty Shades of Grey’s unseating of The Wealthy Barber as Canada’s all-time bestselling book. He then recounted what happened when he first returned to public speaking after a brief retirement, during which he was engaged in various projects, including homeschooling his kids for a few years.

His first tour was for CIBC, he said, speaking to the company’s high-end wealth-management clients, and it started in Victoria. It was an elderly crowd. He joked, “The average age was deceased…. I normally talk about save 10 percent and max your RRSP; these people were too old for RIFs. I didn’t know what to say.” When he finished his speech, two elderly women asked his advice on their portfolio. “‘Well,’ he said, ‘I can’t answer that here. I don’t know your risk tolerance level, your pension involved, your income needs, your age, your health, I’d have to ascertain all that before I can give you any advice.’ And the second lady cut in and said, ‘Please just give us a broad general counsel.’ And I said, ‘Well, do you mind me asking how old are you two?’ She said, ‘We’re twins … we’re 93.’ I said, ‘Oh my, I’d spend it.’”

When the laughter subsided, Chilton shared a couple of funny stories about the beginning of his career. One happened at the start of his tour for The Wealthy Barber. He was waiting at the Calgary airport for a flight and visited the bookstore. Seeing his book on display, he offered to sign some copies, only to have the clerk want to know why he would want to do that, not believing that the 25-year-old in front of her could have written it.

The entire season of Dragons Den is filmed in 21 days and, for these 21 days, the dragons must always wear the same clothing because the decision as to which pitches form each individual show are made only after all the filming is complete.

Chilton spoke of how he became involved in Dragons’ Den (“I’ve had so much fun doing the show”), how it has changed his life (he’s no longer always asked whether it’s best to pay off one’s mortgage or max one’s RRSP, but rather whether his fellow dragon, Kevin O’Leary, is really a jerk), how it attracts very passionate fans, some of whom are inspired to go into business, and a few of his favorite entrepreneurs and most profitable or surprising investments. He also shared other tidbits. He explained, for example, that the entire season is filmed in 21 days, over which they see 230 pitches. For these 21 days, the dragons must always wear the same clothing because the decision as to which pitches form each individual show are made only after all the filming is complete, and there needs to be continuity within each show.

Outside of Dragons’ Den, Chilton has invested in other businesses. Notably, he helped cookbook authors Janet and Greta Podleski – after about a year of them wooing him. He spoke with obvious fondness and admiration for the sisters, who almost went bankrupt (paying their mortgage with credit cards!) before they saw success. Their first book, Looneyspoons, spent almost two years on the national bestseller list and sold 850,000 copies in Canada alone. They have since published more cookbooks and expanded into other food-related ventures.

Chilton ended his speech with a call for perspective. Describing himself as always being in a good mood, he noted that this isn’t the case with many others. “People say that Canada’s national pastime is hockey, but I’d argue, after 25 years on the road, it’s complaining. Everywhere you go,” he said, “people whine about absolutely nothing. It is amazing to me how many people voluntarily decide to be in a bad mood about a trivial matter.”

An economist by training, Chilton said, “I believe the number one thing holding back productivity in many people’s lives is their whining and complaining, they’re always focused on something negative and it’s usually something trivial. People have lost perspective. In Canada, we have lost the ability to discern the difference between a minor inconvenience and a major problem. A long lineup at Tim Horton’s is not a major problem, but it spins people into bad moods for hours. It’s crazy. Look around the world right now and what’s happening in so many places, Ukraine obviously, but think about Syria. We’re talking about a relatively wealthy developed country disintegrating right in front of our eyes, and it’s happening everywhere in the world.”

“I’m telling you right now, if you are healthy and you live in Canada, especially if you live here [in Vancouver], it doesn’t get any better than right here and right now. You’ve got to step back and see how fortunate we are. It’s that perspective, I think, that leads to more generosity, more community involvement, all of that.”

Not only are Canadians better off relative to most other countries, but to previous centuries. “We are living such better lives than at any point in history. It’s crazy that people don’t notice that. And I’m not talking back to medieval times, I’m talking 20 and 40 years ago, one or two generations. Everything, and I repeat, everything is way better now than it was then, everything.” He gave many examples – cars, phones (which now have “more computing power than the entire Apollo 11 mission”), air travel, television, wages, home sizes and building materials, health care. “I’m telling you right now, if you are healthy and you live in Canada, especially if you live here [in Vancouver], it doesn’t get any better than right here and right now. You’ve got to step back and see how fortunate we are. It’s that perspective, I think, that leads to more generosity, more community involvement, all of that. That’s what days like this are all about.”

For more information about JFSA, call 604-257-5151 or visit jfsa.ca.

Format ImagePosted on May 9, 2014May 8, 2014Author Cynthia RamsayCategories LocalTags Audrey Moss, Charlotte Katzen, David Chilton, Dragons' Den, Greta Podleski, Jackie Cristall Morris, Janet Podleski, Jewish Family Service Agency, Jonathan Infeld, Looneyspoons, Neil Pollock, Shay Keil, The Wealthy Barber, The Wealthy Barber Returns
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