BCBusiness

October 2015 Entrepreneur of the Year

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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Photo Credit 58 BCBusiness OCTOBER 2015 ritish Columbia doesn't have the legacy of long-lived family businesses like Upper Canada does with its Westons, Bronfmans and Thomsons. It's a young province, after all, with a correspondingly young business community. A notable exception to the rule is the Louie family—which, since Hok Yat (H.Y.) Louie opened his ¡rst grocery store in Vancouver's Chinatown in 1903, has become a dominant presence in B.C.'s retail scene, with 32 IGA grocery stores and 78 London Drugs outlets (51 of them in B.C.). The Louie family has expanded in recent years into aviation, with its London Air Services (bought in 1999, it's now up for sale), and hospitality, through its luxury Sonora Resort. But as Brandt Louie, H.Y. Louie Company's 72-year-old president and CEO—and H.Y.'s grandson—puts it, a focus on the cus- tomer is what unites the businesses. "We believe that we are very good at understanding the needs of our custom- ers and giving them what they expect— whether it's the resort, or the airline, or the supermarkets or drugstores," Louie tells me from London Drugs' corporate boardroom in Richmond in late July, fresh from a ¡shing trip to Labrador. "At the end of day, we have built up a lot of trust with our customers. They trust us to always have their interests at heart." Getting to this pinnacle of trust—H.Y. Louie is now B.C.'s second-largest pri- vate company, after the Jim Pattison Group, with estimated 2014 reve- nues just shy of $5 billion—was never a sure thing. When H.Y. arrived in B.C. in 1896 from a small village near Guangzhou, B.C. was, to put it mildly, not the most hospitable place for Chinese entrepre- neurs. He worked in a variety of manual labour jobs from vegetable farms to sawmills before opening that ¡rst store, and through his decades as a retailer and then whole- saler, H.Y. encountered racism at every turn, from competitors, customers and neighbours. It was in this challenging work environment that Tong Louie, H.Y.'s second-eldest son and ultimate successor, cut his teeth in the family business. In the postwar years, the com- pany's fortunes improved alongside the economy's. In 1955, the Louies were approached to become the B.C. franchiser for Inde- pendent Grocers E O Y F a m i l y B u s i n e s s A w a r d f o r E x c e l l e n c e T H E L O U I E F A M I L Y The Louie Family—through its extensive chain of grocery and drugstores—has built a reputation as one of B.C.'s most customer- centric operations. This year, they're being honoured with the EY Family Business Award of Excellence by Matt O'Grady Family Affair B

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