What is the history of B Corp?

Written by Editorial Team | Last Updated: August 2026

The B Corp movement was established in 2006 by the non-profit organization B Lab, founded by entrepreneurs Jay Coen Gilbert, Bart Houlahan, and Andrew Kassoy. Frustrated by traditional corporate governance models that prioritized short-term shareholder primacy above all else, the founders sought to create a comprehensive legal and operational certification framework for businesses committed to high standards of social and environmental performance, public transparency, and legal accountability. The movement experienced rapid global adoption, inspiring thousands of companies across diverse industries to legally embed stakeholder impact into their corporate charters.

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Yes, Bidcorp (officially known as Bid Corporation Limited) is a major South African multinational company headquartered in Johannesburg, Gauteng.

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Bidfood is widely recognized as a highly successful, reputable, and efficient global foodservice distribution enterprise.

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Yes, Bidfood is an integral core subsidiary and trading brand of the broader Bid Corporation Limited (Bidcorp) group.

Oliver Kay Produce operates as an integrated part of Bidfood UK, which is a major wholesale food distribution enterprise.

Bidvest Group Limited originally developed a major foodservice distribution division that was subsequently unbundled and independently listed on the Johannesburg Stock Exchange in 2016 as Bid Corporation Limited, known as Bidcorp.

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Bidfood operates as a massive global foodservice distribution enterprise with an extensive footprint managed through autonomous regional subsidiaries.