Giftcraft Ltd. is a 2022 Winner of the Canada’s Best Managed Companies Platinum Club Designation
Toronto, Ontario | May 12, 2022
Toronto, ON – May 12, 2022, Giftcraft Ltd. is a 2022 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation since 2012. The 2022 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $50 million demonstrating leadership in the areas of strategy, capabilities and innovation, culture and commitment, and financials to achieve sustainable growth.
Now in its 29th year, Canada’s Best Managed Companies remains one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world‑class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the caliber of their management abilities and practices.
Contributing factors to maintaining its Platinum Club status includes Giftcraft’s business strategy, exceptional product offerings across a broad span of categories to meet the demands of the company’s diverse customer base and a supportive and inclusive corporate culture at every level of the organization. From the onset of the pandemic, Giftcraft demonstrated an adept ability to pivot and adapt to an ever-changing marketplace in 2021 leading to the company achieving remarkable results. This would not be possible if not for the organization’s Leadership Team executing strategies to address the varying and evolving needs of its employees, customers and suppliers.
“CIBC is a proud sponsor of Canada’s Best Managed Companies, which celebrates leading organizations that are building a better future for our country,” said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “Despite the rapidly changing business landscape and the impact of covid on the economy these winners continue to successfully deliver innovative solutions for longer-term growth and investment.”
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2022 Best Managed companies share commonalities that include (but are not limited to) putting their people and culture at the forefront, focusing on their ESG strategies and doubling down on accelerated digitization.
“Since 2012, Giftcraft has been honored to receive this most prestigious designation,” commented Todd Vore, Giftcraft Chief Executive Officer. “It is a direct result of the dedication and commitment of every member of our organization to not only survive in an ever-changing business environment, but to thrive and be a benchmark of excellence in it. I would like to thank the program sponsors and the judging panel for again recognizing Giftcraft as one of Canada’s Best Managed Companies. I would also like to acknowledge our leadership team for their continued support and shared vision for our organization’s long-term success. And most importantly, I would like to thank each and every member of our Giftcraft team. I am horned to lead such an amazing group of individuals who take great pride in the work they do and the impact they have in helping us to achieve our goals.”
2022 winners of the Canada’s Best Managed Companies award will be honoured at galas across the country. The Best Managed virtual symposium will address leading-edge business issues that are key to the success of today’s business leaders.
The Best Managed program is sponsored by CIBC, The Globe and Mail, Salesforce, and TMX Group.
About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $50 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4‑6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are CIBC, The Globe and Mail, Salesforce and TMX Group. For more information, visit www.bestmanagedcompanies.ca.
About Giftcraft Ltd.
Giftcraft is a lifestyle industry leader with over a 75-year history and today services a diverse network of over 20,000 décor and giftware retailers in North America and internationally. With its corporate headquarters, distribution center and showroom near Toronto, Canada, and major showrooms in Atlanta and Las Vegas, Giftcraft sets the standard in innovative design and development of decorative and functional lifestyle products to meet both the décor and giftware needs of today’s savviest retailer and consumer. In 2019, Giftcraft completed a recapitalization and new partnership with CID Capital and ORIX Mezzanine & Private Equity in conjunction with ongoing succession planning and to accelerate the Company’s future growth plans. Visit Giftcraft at www.giftcraft.com.
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