Joseph Schaefer
Polish-born Canadian garment-industry entrepreneur who built the Algo dress business and helped develop Montreal's Chabanel garment district into a major apparel hub, known for long-term partnership deals and community philanthropy.
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Apr 9, 2026 • 37min
The 104-Year-Old Godfather of the Shmatta Industry Who Turned $1,800 Into Billions | Joseph Schaffer
Joseph Schaefer, a Polish-born Canadian who built Montreal’s Algo dress business and helped shape Chabanel, reflects on starting with $1,800 and growing long-term partnerships. He discusses building manufacturing, winning bank trust, giving partners equity, and how scale and overseas production transformed the industry. He also touches on philanthropy, loyalty, and values that guided his career.
