Name Frank Sobey | Spouse Irene MacDonald (m. 1924) | |
Died December 15, 1985, Halifax, Canada Children William M. Sobey, David F. Sobey, Bill Sobey, Donald R. Sobey, Dianne Sobey Parents Eliza Sobey, John William (J.W.) Sobey | ||
Frank H Sobey Awards 2018
Frank H. Sobey, OC (May 24 1902 – December 15, 1985) was a Canadian businessman and art collector who was the primary builder of the Sobeys chain of supermarkets.
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Life and career
Born in Lyons Brook, Nova Scotia, to John William (J.W.) Sobey and Eliza Sobey, he was three years old when his family moved from the farming community to the nearby then-booming coal mining town of Stellarton. In 1907, his father purchased a meat retailing business in town and became a butcher, peddling meat products door to door on a horse-drawn wagon. In 1912, his father built a 2-storey store in Stellarton's central business district, selling mostly meat and vegetables.
In an era where education opportunities were limited in small Maritime towns, Sobey left school after Grade 8. However, he had an entrepreneurial mindset, and at age sixteen enrolled in a business college. In 1924, he persuaded his father to expand the store to carry a full range of groceries and the family began expanding, opening stores in the nearby industrial towns of New Glasgow, Trenton and Westville, as well as the university town of Antigonish. In the early 1940s, wished to purchase a building on Archimedes Street in New Glasgow for a supermarket. The property was owned by a company named Empire Company Ltd. and in order to acquire the building, he purchased the company itself. Empire was transformed into the family's holding company and was privatized in 1981.
Through Empire Company Ltd., Sobey purchased a local drive-in theatre (renaming it Empire Theatre) and later built a chain of movie theaters, in addition to substantial commercial and residential real estate holdings. In 1971, while still remaining active in the business, he handed over formal control of the company's operations to his three sons, Bill, David and Donald Sobey. In the late 1950s, Premier Robert Stanfield appointed Sobey as president of Industrial Estates Limited with a salary of $1/year; Sobey is credited with guiding IEL to make investments in the 1960s that significantly expanded and diversified Nova Scotia's economy. Sobey was also one of the investors behind Peter Munk (chairman of Barrick Gold) in founding Clairtone.
Sobey received an honorary Doctor of Laws from Saint Mary's University in Halifax, Nova Scotia, and the university named its Faculty of Commerce in his honour. In 1985, he was made an Officer of the Order of Canada and was inducted into the Canadian Business Hall of Fame.
Sobey married Irene MacDonald on November 24, 1924. They had four children: Bill, David, Donald and Dianne.
He died in Halifax in 1985 at the age of 83.
Sobey Foundation
In 1982, Sobey endowed the Sobey Foundation to provide funding for important initiatives that have a positive and long-lasting impact in health, education and for communities. The "Frank H. Sobey Awards in Business Studies" annually provides $10,000 to assist full-time business students from any Atlantic Canadian university. Saint Mary's University named its commerce program the Sobey School of Business after Sobey.
Sobey Art Foundation
Sobey and his wife Irene acquired a significant art collection that included works by Cornelius Krieghoff, Tom Thomson and notable Group of Seven members A. Y. Jackson and Arthur Lismer. His collection today can be seen at Crombie House, his former residence located in Ambercrombie, Nova Scotia. The Sobey Art Foundation was established in 1985 with a mandate to maintain and add to the collection. The foundation's Sobey Art Award is Canada's largest prize for a young Canadian artist. It is awarded every two years to an artist 39 years of age or younger who has exhibited work in a public or commercial art gallery in Canada during the previous 18 months. The winner of the award receives up to $70,000 and the 3 runners-up $1,000.