Grafton-Fraser to grow with GB Merchant Partners

29 Jun '07

2 min read

GB Merchant Partners, the private equity affiliate of Gordon Brothers Group, announced the closing of an investment in Grafton-Fraser Inc a leading Canadian menswear retailer.

As part of the transaction, Glenn Stonehouse, Grafton-Fraser's Chairman, Chief Executive Officer and controlling shareholder for the past 13 years, retained a significant ownership stake in the company and will continue to oversee its growth and expansion along with the company's experienced management team.

"We look forward to partnering with GB Merchant Partners to continue the growth and expansion of Grafton-Fraser and its retail stores," stated Glenn Stonehouse.

"Their retail industry and investment expertise will be indispensable in facilitating our next wave of growth in the coming years."

Over the past ten years, Grafton-Fraser has experienced significant growth including the acquisition of the Tip Top Tailor chain from Dylex in 2000.

Throughout Grafton-Fraser's history, its stores have emphasized a strong consumer value proposition based on a broad selection of fashionable items at affordable price points and high-quality customer service.

"Grafton-Fraser represents an ideal investment for our new 1903 Equity Fund as the company has a well established market position and a differentiated value proposition," said James Dworkin, Managing Director, GB Merchant Partners.

"We look forward to working with Glenn and his management team toassist the company in expanding its store base and accelerating several other compelling growth initiatives."

Grafton-Fraser Inc

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