BCBusiness

July/August 2021 - The Top 100

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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JULY/AUGUST 2021 BCBUSINESS 91 BCBUSINESS.CA Consumer goods busi- nesses also benefited as retail spending continued online if not in person. Clothing brands Aritzia and Lululemon Athletica chalked up big gains, while Trade Mango Solutions—better known as online furni- ture purveyor Article—ranked among the province's fastest-growing companies as e-commerce f lourished among locked- down citizens. At the same time, staycations hit the province's tourism and travel sector hard. Revenue at British Columbia Ferry Ser- vices increased marginally—in-province travel wasn't limited for most of last year— but restrictions on international travel and reduced domestic service pared traffic through Vancouver International Airport, cutting revenue by 51 percent. Suppliers to the air sector, such as KF Aerospace and Longview Aviation Capital Corp., felt the knock-on effects. Yet the chaos caused by the pandemic created opportunities for mergers, acqui- sitions and corporate reorganizations. Takeovers announced in 2019 removed Catalyst Paper Corp. and Leagold Min- ing Corp. from the Top 100 list, while MDA, spun out of Maxar Technologies in 2019, went through another transforma- tion that took the former Richmond tech company to Ontario. Resources compa- nies enjoyed particularly brisk business, with SSR Mining merging with Alacer Gold Corp. and moving to Colorado. Other transitions reflected sectorial issues. In retail, a private equity firm from California snapped up the prov- ince's iconic purveyor of outdoor goods, Mountain Equipment Co-op (MEC). Can- nabis consolidation saw list contenders Zenabis Global and Tilray, the largest B.C.-based pot producer, absorbed ear- lier this year. What remains as a new normal settles over the province are companies built on stability and innovation. On one hand are the homegrown providers of the basics— telecommunications, utilities, and criti- cal infrastructure such as health care and transportation. On the other: providers of goods and services that have adapted to a clicks-and-mortar world. "It's omnichannel," says Andrew Harries, Tom Foord Professor of Prac- continued from page 85 S P E C I A L I S S U E J A N U A R Y / F E B R U A R Y 2 0 2 1 Distractions P L E A S A N T Boulevard's takeout clam chowder is just the kind of comfort we need. Photo by Leila Kwok From the best wine, beer and takeout in the city to virtual events, great reads and more: our picks for taking on 2021 LIKE US ON FACEBOOK @VANCOUVER MAGAZINE FOLLOW US ON INSTAGRAM @VANMAG_COM VISIT US AT VANMAG.COM BCB_1/3sq_FillerAds.indd 3 5/13/21 11:34 PM

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