T&T is my wife Olive’s favourite grocery store and she shops there 2-3 times a month. There is no better place to buy quality Asian groceries than T&T. It’s the largest Asian supermarket in Canada, and one of the best Asian supermarkets in the world. It started by Taiwanese-Canadian Cindy Lee in 1993 in Metrotown, and has since then expanded to 10 stores in Greater Vancouver, 5 in Alberta, and 9 in Ontario. T & T was purchased for $225 million by Loblaw Companies in July 2009. T&T stands for Tiffany and Tina, the two daughters of Cindy and her husband. This past year, Cindy transitioned her CEO role to her 35-year old daughter Tina.
At a Small Business BC event last month, Tina Lee shared how she and her mother put together a transition plan passing on the CEO role from mother to daughter. Here are 4 business lessons I picked up from her talk: