Early Life
Michael Mehrdad Latifi was born in October 1962 in Iran. His family immigrated to Canada when he was a teenager. During his youth, Latifi worked at McDonald's, gaining early exposure to business and work ethic. He later pursued higher education at McGill University, earning a Bachelor of Science and an MBA.
Rise to Success
Latifi began his career in the Canadian food industry. Through his leadership and vision, he established Sofina Foods, which became a leading manufacturer of protein products. Sofina Foods owns prominent brands, including Lilydale, Mastro, and Janes. In 2021, Sofina Foods acquired Eight Fifty Food Group, expanding its reach in the UK and European markets. Latifi also invested in the McLaren Group through his investment company Nidala (BVI) Limited.
Key Business Strategies
Key to Latifi's success is his strategic approach to acquisitions and brand building. His focus on high-quality products has helped Sofina Foods establish strong relationships with retailers and foodservice providers. The company’s estimated revenue is approximately $4.7 billion. Latifi’s leadership saw Sofina Foods acquire various companies, demonstrating a growth-oriented strategy.
Philanthropy
The Latifi family is actively involved in philanthropy, particularly through the Sofina Foundation. Their initiatives include supporting Sunnybrook's Women & Babies Program and mental health care programs. The Sofina & Amici Golf Classic, an annual fundraising event founded by the Latifis, has raised over $3.7 million.