Home / Knowledge / News / Fashion / Grafton Fraser acquires Jones New York stores in Canada
Grafton Fraser acquires Jones New York stores in Canada
30
Jul '15
Courtesy: Jones New York Fashion
Courtesy: Jones New York Fashion
Grafton Fraser Inc. (GFI), leading Canadian retailer of men's attire, has acquired all 35 Jones New York retail stores across Canada sustaining the employment of approximately 400 staff and plans significant growth in the number of stores in the near future, it said in a press statement.

The acquisition saved Jones New York from shutting down after it announced in January that all 127 of its retail stores in North America would be closed, including all the Canadian stores.

In order to operate Jones New York e-commerce in Canada, they have also signed a long-term strategic partnership agreement with Authentic Brands Group, LLC (ABG), which bought Jones New York in April 2015 from a portfolio company of the private equity firm Sycamore Partners. ABG is the owner of a global portfolio of fashion, sports and lifestyle, celebrity and entertainment brands.

In partnership with ABG, Grafton Fraser has secured Jones New York's place in the Canadian fashion market to continue to provide consumers with a marquee women's brand renowned for its excellence in design, quality and fit, the statement said.

"We are very excited to add Jones New York women's clothing stores to our growing fashion retail portfolio", said Dave McGregor, president and CEO, Grafton Fraser Inc. "For more than two decades Jones New York has been a trusted fashion brand in Canada that women have looked to for its timeless elegance, great quality and style. We bring 100+ years of experience to Canadian fashion retail, and see Jones New York as a perfect fit for Grafton."

"Grafton Fraser has the proven leadership, experience and team to reinforce Jones New York's powerful presence in the Canadian fashion market," said Jamie Salter, chairman and CEO, Authentic Brands Group.

"We look forward to working with Grafton Fraser as we continue to grow the Jones New York retail footprint in North America."

Jones New York has an active and loyal consumer following worldwide. Currently the brand drives nearly $1 billion Canadian ($750 million) in retail sales across department stores in key markets including the US, Canada, Europe, the Middle East and Latin America. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


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