Home / Knowledge / News / Apparel/Garments / Grano buys premium menswear brand Samuelsohn
Grano buys premium menswear brand Samuelsohn
23
Mar '10
Grano Retail Investments an investment and advisory company, announced that it has acquired Samuelsohn, an 87-year-old premium tailored menswear brand. Terms of the transaction were not disclosed.

As part of the transaction, Grano founder and CEO Stephen Granovsky, will become CEO of Samuelsohn which is currently sold in more than 250 specialty stores across North America and counts the prestigious retailers Paul Stuart and Harry Rosen as key customers. With more than 20 years of retail and consumer experience, Mr. Granovsky will build on Samuelsohn's heritage to create a more contemporary lifestyle brand while expanding its distribution.

“We are buying Samuelsohn because we believe that it is the best made suit in North America,” said Stephen Granovsky, CEO of Grano Retail Investments, which recently completed several M&A transactions in the consumer sector. We believe that Samuelsohn addresses a void in the market for a more contemporary brand with a better price/value proposition.”

Granovsky to Name Management Team
Mr. Granovsky plans to name a new senior management team to spearhead the growth of Samuelsohn in the coming weeks. As part of this plan, Mr. Granovsky announced that Paolo Torello-Viera, formerly the COO, Executive Vice President of Brioni Retail U.S., has been appointed COO of Samuelsohn. With more than 25 years in the men's apparel industry, Mr. Torello-Viera has developed deep expertise in all aspects of the fashion business. While at Brioni, he was responsible for defining and building their U.S. retail operations, ensuring alignment with overall corporate brand management and vision. Prior to joining Brioni, he was Executive Vice President at Ermenegildo Zenga Group, where he contributed to the launch of several new collections and the growth of its North American business. Additional members of the Samuelsohn senior management team will be announced in the coming weeks.

BDC provided financing to Grano Retail Investments for the acquisition of Samuelsohn. The BDC is Canada's business development bank. From more than 100 offices across the country, BDC promotes entrepreneurship by providing highly tailored financing, venture capital and consulting services.

Grano Retail Investments


Must ReadView All

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search