Michael Latifi
Michael Latifi | |
|---|---|
| Chairman and CEO of Sofina Foods Inc. | |
Michael Latifi is an Iranian-Canadian businessman and entrepreneur who founded Sofina Foods Inc., a Markham, Ontario-based manufacturer of processed animal products, in 2006, becoming its Chairman and CEO. His company acquired Lilydale in a C$130 million deal in 2010,[1] and Santa Maria Foods ULC, an importer and distributor of specialty Italian brands, in 2012.[2]
Through the investment company Nidala (BVI) Limited, which is controlled by Latifi, he invested £200 million (around 270 million USD or C$350 million) in McLaren Group.[3][4][5]
As Michael is the father of Nicholas Latifi, a driver currently with Williams's Formula One team, the investment led to speculations that Nicholas could eventually be lined up for a more prominent role with McLaren. However, McLaren CEO Zak Brown has said this had not been part of any conversation prior to investment.[6][4]
References
- ^ "Sofina Foods to Acquire Lilydale in $130M Deal - Foodservice and Hospitality Magazine". foodserviceandhospitality.com. Retrieved June 10, 2018.
- ^ "Sofina Acquires Santa Maria - Foodservice and Hospitality Magazine". foodserviceandhospitality.com. Retrieved June 10, 2018.
- ^ Daan de Geus (May 21, 2018). "Father of F2 Racer Nicholas Latifi Becomes McLaren Group Shareholder in $270M Deal - The deal has nothing to do with his son's racing career, however". TheDrive. Retrieved June 10, 2018.
- ^ a b Scott Mitchell; Jack Benyon (May 29, 2018). "Nicholas Latifi: Dad's McLaren investment paints wrong picture of me". Autosport. Retrieved June 10, 2018.
- ^ Trackworthy (May 22, 2018). "Canadian Michael Latifi Buys $350 Million Stake in McLaren Group". wheels.ca. Retrieved June 10, 2018.
- ^ Daan de Geus (21 May 2018). "Father of F2 Racer Nicholas Latifi Becomes McLaren Group Shareholder in $270M Deal – The deal has nothing to do with his son's racing career, however". TheDrive. Retrieved 10 June 2018.