The Story of Goodfood Market and of Its Co-founder
After graduating with honours from McGill University with a bachelor degree in commerce, Jonathan Ferrari joined RBC's investment banking team from 2010 to 2013, leaving to found MTL Capital, a privately-held investment firm that seeks to acquire and actively manage small to mid-sized businesses in Canada. MTL Capital eventually failed and lead Ferrari to become Board Member of Les Fourchettes de l'Espoir, a non-profit organization helping low-income communities gain access to healthy food.
In 2014, with Neil Cuggy and Raffi Krikorian, the trio founded Culiniste, the former name for Goodfood Market. Ferrari served until today as Chairman and Chief Executive Officer of the company, leading the organization to its IPO on the Toronto Stock Exchange and eventually pass the $1 Billion dollar mark in 2021.
The pandemic coincided with the rapid expansion of Goodfood, opening new fulfillment centers in major Canadian cities such as Toronto, Calgary, and Vancouver. Thousands of new staff were hired in weeks to fill new positions.
This is the story of how Goodfood came to be, from the point of view of its co-founder and CEO Jonathan Ferrari, and the story of its founder, from high school at Collège Jean-de-Brébeuf to the largest online grocery and meal kit company in Canada.
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