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A.J. (Alfred Jackson) Billes, CM (December 1, 1902 - April 3, 1995) was a Canadian businessman and co-founder of Canadian Tire. Biography. Born in Toronto, Ontario, Billes went at age 16 to work as a clerk at a branch of the Dominion Bank.
Nov 29, 2023 · Alfred Jackson Billes (1902-1995) | WikiTree FREE Family Tree. Explore the life of Alfred J. Billes, from a bank clerk to the president of Canadian Tire, and his enduring business legacy.
Apr 3, 1995 · Alfred Jackson Billes, CM was a Toronto-born businessman and co-founder of Canadian Tire, a Canadian retail giant. At age sixteen, he worked as a Dominion Bank clerk. In 1922 he used his savings to team up with his brother William to buy Hamilton Tire and Garage Ltd. in Toronto.
- December 1, 1902
- April 3, 1995
- 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...
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In 1923, the brothers closed the garage and opened a retail outlet in downtown Toronto that specialized in the sale of tires. But customers of the Billes’ store could also buy parts to repair two of the most popular makes of cars at the time, Chevrolet and Ford. Within five years, brothers J.W. and A.J. had incorporated the company.
On October 24, 1922, John William Billes and Alfred Jackson Billes invested their combined savings of $1,800 in the Hamilton Tire and Garage Ltd. (established in 1909 as the Hamilton Garage and Rubber Company) in Toronto.
Nov 14, 2023 · Canadian Tire, a retail specialist in automotive, hardware, sports, leisure, and housewares, was founded by Alfred Jackson Billes and John William Billes. The company’s headquarters are at 2180 Yonge Street in Toronto. It has over 1,686 locations, including various store types and gas stations.
