McGill University in Montreal has announced a C$25 million ($18.2 million) gift from alumnus and retail mogul Aldo Bensadoun to establish a retail management school at its Desautels Faculty of Management.
To be administered through the Bensadoun Family Foundation, the gift will support the creation of the Bensadoun School of Retail Management, an interdisciplinary center dedicated to all facets of the retail industry. At a time of significant change in the industry worldwide, the school will serve as a hub in the heart of Montreal where students, researchers, and practitioners can work collaboratively toward solutions to the problems facing retailers today, with a focus on the core components of retail management: technology, business, and human cultural.
“With this transformative gift from the Bensadoun Family Foundation, McGill will become the global leader in retail management education and research," said Isabelle Bajeux-Besnainou, dean and professor of finance at the Desautels Faculty of Management. "By leveraging the breadth and depth of research performed across the university, and in close partnership with the industry, the proposed school will reinvent the future of retail management.”