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Mohamad Fakih CM is a Lebanese-Canadian businessperson, and philanthropist. Founder of the Middle Eastern restaurant chain, Paramount Fine Foods, Fakih conducts charitable work and community service through the Fakih Foundation. In 2022 he was awarded the Order of Canada.[1][2]
Background
editMohamad Fakih was born to Abdallah and Nabiha in Beirut, Lebanon.[3] In 1997, Fakih opened a jewelry store in Lebanon, working as a gemologist.[4][5] He emigrated to Canada in 1999.[6] He is married with three sons and lives in Mississauga, Ontario, Canada.
Fakih purchased a nearly bankrupt shawarma restaurant in Mississauga in 2006. That purchase turned into a successful restaurant franchise over the following decade.[7] During the pandemic, the business struggled like many food service businesses. In 2022 it was revealed through a series of court documents that he was embroiled in an intense court battle that Fakih started for unpaid monies and to retain control of the company. The Financial Post reported that AHM Investments Corp had filed an ultimately unsuccessful motion at the Ontario Superior Court to have Fakih removed as Director.[8]
Career
editParamount Fine Foods
editFakih founded Paramount in 2006 with the purchase of a small shawarma shop.[10]
The company operates family style restaurants with entertainment for kids, while serving family-style Middle Eastern dishes. The company operates on a franchise model and is headquartered in Mississauga, Canada. Paramount sold 75% of its shares to a Kuwaiti based investment firm AHM Investments in 2015, and Fakih owns 25% equity in the business.[11] As of 2018 there were multiple Paramount locations across North America. Fakih led an expansion of Paramount Fine Foods in the United States in 2016[12] facing several store closures by 2017. Paramount also operates fine middle eastern dining restaurants and halal butcher shops.[13]
In 2018, the company purchased the naming rights to Hershey Centre, a sports arena in Mississauga, renaming it the Paramount Fine Foods Centre.
On May 30, 2021, Fakih's Paramount restaurant located in Mississauga suffered severe structural damage following a 3-alarm fire.[14] Fakih remained firm in saying that he would rebuild what had been lost.
In 2022, The Globe and Mail reported of a legal battle between Fakih and majority owners of Paramount Fine Foods that Fakih started, AHM Investments, at the Ontario Superior Court, for unpaid money to Fakih that ultimately settled amicably.[11]
Awards and honours
editIn November 2019, Fakih was given the Key to the City of Mississauga by Mayor Bonnie Crombie. He is the third person to receive this honour from the City.[15]
In the fall of 2018 Fakih was awarded an honorary doctorate from Ryerson University for his contributions to Canadian society.[16]
In 2018, the former Hershey Centre in Mississauga, a 5400 capacity sports arena, was renamed the Paramount Centre after the company purchased the naming rights.[17]
In 2017, Fakih was one of the recipients of the Top 25 Canadian Immigrant Awards, presented by Canadian Immigrant magazine.[18]
In 2021 Fakih was named Canadian CEO of the Year by multiple organizations, including the Ontario Chamber of Commerce, for launching Canada's first fully automated 'safe' restaurant and donating thousands of meals to various communities during the COVID-19 pandemic. Fakih was also recognized by The Globe and Mail’s Report on Business as the Corporate Citizen of the Year in 2021 and named one of Canada’s Most Admired CEOs.
Mohamad Fakih was appointed to the Order of Canada in December 2022.
Philanthropy
editAfter the 2017 Quebec City mosque shooting, Fakih paid for funeral expenses for the victims and repairs to the mosque.[19]
During a stretch of -30 degree weather in December 2017, when Toronto’s housing shelters were at capacity, Fakih helped pay for dozens of hotel rooms for the homeless and years later, continues to financially support ongoing efforts to get families off the streets.[20]
Defamation suit
editIn 2017, a series of racist attacks were directed at Mohamad Fakih in the form of public harassment, online videos, and other interviews attacking his religion and his character. One incident occurred in front of Fakih's children.[21] In 2019, an Ontario court awarded Fakih CAD $2.5 million in damages, one of the largest defamation judgments in Canadian history.[22]
References
edit- ^ "For Paramount Fine Foods CEO Mohamad Fakih it's all about giving back and creating a 'kinder capitalism'". The Toronto Star. 2021-09-11. ISSN 0319-0781. Retrieved 2021-10-10.
- ^ Commons, David. "Restaurant entrepreneur aims to thank every care-home worker in Canada with a free meal". CBC. Retrieved 2021-10-09.
- ^ "In the time of Trump, founder of Paramount restaurants is thinking way beyond shawarma - Toronto Star". Toronto Star. Retrieved 2 April 2017.
- ^ "Mohamad Fakih". Canadian Immigrant. Retrieved 2020-11-28.
- ^ Guardian, Brampton. "Success tips from Paramount's CEO include taking great leaps of faith". www.bramptonguardian.com. Retrieved 2 April 2017.
- ^ "How one businessman shows off what's possible in Canada to his new refugee recruits from Syria". Financial Post. Retrieved 2 April 2017.
- ^ Toneguzzi, Mario (2019-03-03). "Paramount Fine Foods Launches Aggressive Expansion". Retail Insider. Retrieved 2022-11-25.
- ^ Edmiston, Barbara Shecter, Jake (2022-09-27). "Order of Canada recipient Mohamad Fakih fights attempt to remove him from the company he founded". Financial Post. Retrieved 2022-11-25.
{{cite news}}: CS1 maint: multiple names: authors list (link) - ^ "Mohamad Fakih Appointed to the Order of Canada". 3 January 2022.
- ^ "Rituals: Mohamad Fakih wakes up at 4:30 a.m. "Everyone says it's unhealthy, but I'm wired that way"". Toronto Life. 2020-02-04. Retrieved 2020-11-28.
- ^ a b Robertson, Susan Krashinsky; McArthur, Greg (2022-09-26). "Founder of Paramount Fine Foods locked in legal battle with investors over future of the company". The Globe and Mail. Retrieved 2022-11-25.
- ^ www.bizjournals.com https://www.bizjournals.com/orlando/blog/2016/01/paramount-fine-foods-expanding-in-orlando-with-3.html. Retrieved 2022-11-25.
{{cite web}}: Missing or empty|title=(help) - ^ Ziter, Jesse (2020-03-26). "Canadian Dreamer: Mohamad Fakih | The Drive Magazine". thedrivemagazine. Retrieved 2020-11-28.
- ^ Ramlochan, Katrina (2021-05-30). "3-alarm blaze at Paramount Fine Foods restaurant in Mississauga - Toronto". Global News. Retrieved 2021-11-18.
- ^ "Mississauga Mayor Bonnie Crombie Presents Dr. Mohamad Fakih with the Key to the City". City of Mississauga. 2019-11-15. Retrieved 2022-02-28.
- ^ "Meet the honorary doctorates of spring convocation".
- ^ "Mississauga's Hershey Centre to be known as Paramount Fine Foods Centre from July 1". 30 June 2018.
- ^ "RBC Top 25 Canadian Immigrant Awards: LGBTQ activist, window washer turned cargo airline CEO, ballet dancer and youth philanthropist among this year's recipients".
- ^ "VIDEO: Mohamad Fakih gives a live update of the aftermath of the Beirut explosion". www.insauga.com. 20 August 2020. Retrieved 2020-11-28.
- ^ Fox, Chris (2018-01-02). "Entrepreneur foots bill for hotel rooms for 18 homeless people amid extreme cold". CP24. Retrieved 2022-02-28.
- ^ Nasser, Shanifa (13 May 2019). "Kevin Johnston ordered to pay $2.5M for 'hateful, Islamophobic' remarks against restaurant chain owner". CBC News. Retrieved 9 June 2021.
- ^ Ha, Tu Thanh (13 May 2019). "'Hate speech at its worst': Paramount Fine Foods owner awarded record damages in anti-Muslim cyber libel case". The Globe and Mail. Retrieved 9 June 2021.