Home / Knowledge / News / Apparel/Garments / Grano buys premium menswear brand Samuelsohn
Grano buys premium menswear brand Samuelsohn
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

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Textiles | On 27th Oct 2016

Fischer Konzept installs sixth Zünd digital cutter

Fischer Konzept, German developers of individual packaging solutions...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search