30 Sep 2015
Stéphane Gauvin
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

 

The L’Ensemblier clothing chain operating in Eastern Quebec and Northern New Brunswick is closing all its stores. The company had been in the process of a major restructuring for a year. 125 employees are losing their jobs. Stéphane Gauvin, Partner and Trustee responsible for the file, comments on Radio-Canada.

30 Sep 2015  |  Written by :

Mr. Gauvin is a partner at RCGT. He is your expert in Recovery and Reorganization for the Rimouski...

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25 Sep 2015
Stéphane Gauvin
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

On September 24, 2015, Raymond Chabot Grant Thornton and Altium Wealth Architecture Inc. reached an agreement on a transaction to enable Altium’s team, under Sam Younès, President and Chief Executive Officer, to benefit from greater independence and operational flexibility. Accordingly, Raymond Chabot Grant Thornton has ceded its interest to the Altium team, whose members will become the sole shareholders.

The mutually agreed upon transaction was concluded mainly because Altium has achieved a significant level of maturity, with close to $500M in assets under supervision, and requires greater operational agility and autonomy. In Raymond Chabot Grant Thornton’s case, the decision stems from the will to provide Altium with the requisite leeway to achieve its objectives.

The current team will continue to apply the high quality standards its clients have come to expect since it began operations. Altium will remain at its current location (Suite 2000, 600 De La Gauchetière Street West, Montréal) until November 2015 and will then relocate in downtown Montréal (more details will be posted on the Altium website: www.altium.ca).

Raymond Chabot Grant Thornton wishes Altium the continued success they deserve, as they continue to grow and unlock their full potential.

For more information:
Francis Letendre
Senior Consultant, Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]

30 Sep 2015  |  Written by :

Mr. Gauvin is a partner at RCGT. He is your expert in Recovery and Reorganization for the Rimouski...

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18 Sep 2015
Stéphane Gauvin
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

MONTRÉAL, September 21, 2015 – According to the Global Dynamism Index (GDI), a global study by the Economist Intelligence Unit for Grant Thornton, Canada ranks 9th among the 60 largest economies in the world based on 22 indicators across five growth areas: business operating environment, technology, labour market, market growth and financing environment.

Canada ranks first for its business operating environment, which considers key indicators such as foreign trade and exchange regimes and controls and policy towards private enterprise and competition. According to Jean-Daniel Brisson, Lead Senior Manager in Raymond Chabot Grant Thornton Management Consulting Group, “Our wealth creators benefit from clearly defined and sound domestic and international trade policies, which allows them to operate in a stable, predictable environment, compared to places with more volatile environments, such as Venezuela, Kenya and Algeria, at the bottom of the ranking.”

However, Canada needs to work on promoting itself as a choice business destination that supports the growth of foreign companies. Brisson added, “We’ve still got work to do to attract foreign investors. While our business environment may be very good, we have to be able to sell it internationally to attract capital and businesses.”

We also need to improve in technology, where Canada ranks 20th. “In today’s business environment, you have to do more than just cut costs to stay competitive. Our businesses need to increase their R&D investments. We lag behind our neighbours to the south in this regard,” Brisson continued.

Singapore tops the index

Globally, Singapore, Israel, Australia have beaten global competition to top this Grant Thornton GDI. These countries offer dynamic businesses the right mix of regulatory stability, a strong labour market, technological infrastructure, growth opportunities and access to finance.

The GDI can be used as a tool to help identify countries of interest by drawing on indicators weighted according to the importance attached to them by real business leaders, adding that vital human perspective.

Perception versus reality

However, further analysis of the results suggests business leaders may not be fully aware of the drivers and challenges of operating in different markets. Comparing the reality of the GDI with the perceptions of business leaders from the Grant Thornton International Business Report (IBR) indicates some interesting knowledge gaps.

Paul Raleigh, global leader – growth and advisory services at Grant Thornton International, said: “A lack of familiarity with a particular territory or region can skew perception and lead to unexpected challenges when expanding into a new market. For dynamic businesses, the trick is balancing instinct with reason, perception with reality.

“This study reveals how looking behind the headlines can uncover unexploited opportunities for dynamic businesses in new markets. The business world is always changing, with the realities on the ground often surprising business leaders who take a closer look. In order to maximise growth potential, business leaders need to refresh their perceptions of foreign markets in line with the market insights at their disposal.”

To view the report from the Raymond Chabot Grant Thornton website, click on: www.rcgt/en/GDIindex2015.

To view various documents related to international expansion, click on: www.grantthornton.global/en/insights/international-expansion/international-expansion-hub.

Notes to editors

About the Global Dynamism Index

The Grant Thornton Global Dynamism Index (GDI) is an annual research project designed by the Economist Intelligence Unit and commissioned by Grant Thornton, which ranks the development of the business growth environments of 60 of the world’s largest economies over the past 12 months. The index draws together 22 indicators, including GDP growth, R&D spend, regulatory risk, access to finance and labour productivity, across five areas of dynamism to produce the rankings.

About the International Business Report

The Grant Thornton International Business Report (IBR) provides insight into the views and expectations of more than 10,000 businesses per year across 36 economies. This unique survey draws upon 22 years of trend data for most European participants and 11 years for many non-European economies. More information: www.grantthornton.global.

Questionnaires are translated into local languages with each participating country having the option to ask a small number of country specific questions in addition to the core questionnaire. Fieldwork is undertaken on a quarterly basis, primarily by telephone. IBR is a survey of both listed and privately held businesses. The data for this release are drawn from interviews with more than 5,000 chief executive officers, managing directors, chairmen or other senior executives from all industry sectors conducted between February and May 2015

About Grant Thornton

Grant Thornton is one of the world’s leading organizations of independent assurance, tax and advisory firms. These firms help dynamic organizations unlock their potential for growth by providing meaningful, forward looking advice. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them to find solutions. More than 40,000 Grant Thornton people, across over 130 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work.

About Raymond Chabot Grant Thornton

Founded in 1948, Raymond Chabot Grant Thornton has become a leader in the fields of assurance, tax, consulting services, and business recovery & reorganization. Its strength is based on a team of over 2,500 people, including some 230 partners. Together, Raymond Chabot Grant Thornton and Grant Thornton LLP, another Canadian member firm of Grant Thornton International Ltd, help dynamic Canadian organizations unlock their potential for growth with over 4,300 people and some 140 offices across Canada. Grant Thornton International Ltd provides clients with the expertise of member and correspondent firms in more than 130 countries, with over 40,000 people.

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Information:

Francis Letendre
Senior Consultant – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]

For information on the survey, contact:

Dominic King
Editor, Global Research
Grant Thornton International Ltd
Tel.: +44 (0) 207 391 9537
[email protected]

30 Sep 2015  |  Written by :

Mr. Gauvin is a partner at RCGT. He is your expert in Recovery and Reorganization for the Rimouski...

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16 Sep 2015
Stéphane Gauvin
Partner | CPA, CA, CIRP, LIT | Recovery and reorganization

Today, September 17, 2015, we are proud to participate in the first Global Corporate Social Responsibility Day organized by Grant Thornton network members. This day is an ideal time to show clearly how pooling community actions, social involvement and sharing everyone’s talents make a positive difference in the development of communities all over the world. Discover examples of community involvement by Raymond Chabot Grant Thornton’s 2,500 employees and partners, intended to help unlock the growth potential of the communities in which we live.

Share the news and participate in the movement with #GTinthecommunity!

A group of Raymond Chabot Grant Thornton employees takes on a cycling challenge for Club des petits déjeuners Beauce employees landscape the Saint-Éphrem playground
A group of employees from the Montréal office runs for the Marie-Vincent Foundation Défi à l'entreprise de Sherbrooke 2015
A group of employees from the Sherbrooke office participates in a sports competition to benefit the Volontaires du Cégep de Sherbrooke teams
Raymond Chabot Grant Thornton participates in the Ice Bucket Challenge to benefit the fight against amyotrophic multiple sclerosis (ALS) A group from the Outaouais participates in a Red Cross benefit gala
Une équipe du bureau d’Edmundston a participé au relais pour la vie au profit de la Société canadienne du cancer. Une associée du bureau de Rimouski s’implique auprès de la Fondation des maladies du cœur et de l’AVC Bas-Saint-Laurent/GaspésieA partner from the Rimouski office is involved with the Fondation des maladies du cœur et de l’AVC Bas-Saint-Laurent/Gaspésie (Heart and Stroke Foundation)
An Edmundston office team participated in the Relay for Life to benefit the Canadian Cancer Society
A group of employees from the Trois-Rivières office runs for the fight against cystic fibrosis A group of employees from the Québec City office runs for the Institut universitaire de cardiologie et de pneumologie de Québec
Thetford Mines ouvre ses portes à Leucan
A partner contributes to improving the quality of life of hospitalized patients The Thetford Mines office opens its doors to Leucan
Un groupe du bureau de Québec participe au nettoyage d’un dépotoir illégal
Raymond Chabot Grant Thornton participates in raising youth awareness about entrepreneurship, credit and debt A group from the Québec City office participates in cleanup of an illegal dump
A Montréal office team rides against pediatric cancer Eastern Townships employees participate in the Lac Memphrémagog Relay Race to benefit disadvantaged elementary school children
Des employés du bureau de Montréal s’investissent dans le Vélotour SP pour contrer la sclérose en plaques
Montréal office employees commit to MS Bike / Vélotour SP against multiple sclerosis A team of employees from the Québec City office climbed over 19,000 steps to benefit Motivaction jeunesse
Raymond Chabot Grant Thornton Reorganization & Recovery employees participated in SPIN-O-DON to benefit Centraide of Greater Montreal A group of employees from the Gatineau offices participates in a sports challenge to benefit Fondation du Cégep de l’Outaouais
Employees and partners from the Beauce and Québec City commit to their commitment to promote health by participating in the Pentathlon des neiges Beauce employees take on the Défi Cardio-thon change in the Beauce to benefit Fondation du cœur Beauce-Etchemin
The Management Consulting Group distributed Christmas baskets for the Verdun organization Toujours Ensemble A La Pocatière office team participated in the Relay for Life to benefit the Canadian Cancer Society

 

30 Sep 2015  |  Written by :

Mr. Gauvin is a partner at RCGT. He is your expert in Recovery and Reorganization for the Rimouski...

See the profile