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John William Billes (1897 – November 1956) was a Canadian businessman and co-founder of Canadian Tire. Born in Toronto, Ontario, in 1922 he and his brother Alfred Jackson Billes bought Hamilton Tire and Garage Ltd. in Toronto.
J. William Billes (1897-1956) was a visionary entrepreneur who helped create one of the most successful businesses in Canadian history. He left his shares in Canadian Tire to the University of Toronto and 22 other charities, supporting the education of many young Canadians.
- Canadian Tire Incorporates: 1927
- Postwar Years
- New President: Dean Muncaster
- Ownership Disputes
- 21st Century
Canadian Tire Corporation was launched by John William (J.W.) and Alfred Jackson (A.J.) Billes in 1922, when the two brothers purchased the Hamilton Tire and Garage Ltd., located in Toronto’sRiverdale neighbourhood. The pair bought the business for $1,800. The automotive market was growing; in 1927, Canada had the third highest car ownership per ca...
Toward the end of the war, Canadian Tire looked to expand further. To facilitate this, the company went public in 1944, selling 100,000 shares of stock at ten dollars apiece. This decision to go public was soon followed by A.J.’s development of a profit-sharing scheme with Canadian Tire employees, launched in 1946. Through the plan, the company red...
Once A.J. Billes cemented his hold as president of the company he cofounded, he began looking for successors. He gave direct control of the Canadian Tire flagship store at Yonge and Davenport to his eldest son, Fred, but he also began searching outside the family for a new leader. By 1964, A.J.’s doctors insisted that he step down as president, sin...
During the 1980s, the long-simmering disputes between the Billes family members erupted. In 1980, A.J. finally resigned from the company board when his wife Muriel passed, appointing his daughter, Martha. Rifts also began to emerge between the Billes family and Muncaster, namely over his expansion plans in Australia, A.J.’s desire to further expand...
Canadian Tire has undertaken several initiatives in its effort to remain competitive, particularly with the expansion of US-based chains like Walmart and Home Depot and growing competition from online retail services. The company homogenized the layout of Canadian Tire stores, using clearly delineated sections and providing information kiosks. In 2...
Above, Alfred Jackson Billes, laureate recipient for 1990, and daughter Martha Billes
Back in 1922, John William Billes and Alfred Jackson Billes had no idea how successful they were going to be when they bought a small garage in Toronto’s east end and called it the Hamilton Garage and Rubber Company.
Nov 14, 2023 · Learn how John William (J.W.) and Alfred Jackson (A.J.) Billes founded Canadian Tire in 1922 and built it into a retail giant. Discover their vision, innovations, challenges, and milestones in this comprehensive article.
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J. William Billes and his brother Alfred built Canadian Tire Corporation, a leading retailer of tires, auto parts and hardware. They introduced innovative practices such as dealer-owned stores, profit sharing and Canadian Tire money.
