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Grafton-Fraser
Grafton Apparel Ltd. is a leading Canadian seller of men's apparel. Grafton Apparel Ltd. operates through its retail chains, Tip Top Tailors, George Richards Big and Tall, Mr. Big & Tall, and Kingsport Clothiers, which are located coast to coast in Canada. The company's leading competitor is Men's Wearhouse's Moores. History In 1853, James Beatty Grafton, son of Irish immigrants, left school at the age of 16 to become an apprentice in the dry goods industry. Moving later that year to Dundas, Ontario, he went into business with Anthony Gregson and opened a dry goods, millinery and clothing shop known as Gregson & Grafton. The company was established later that year, fourteen years before Canadian Confederation. In 1858 Anthony Gregson retired and James Grafton was joined in business by his brother John to form the J.B. & J.S. Grafton Co. In 1884, James John Grafton, the son of James Beatty Grafton joined the company as a full partner and the company was once again renamed to ...
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Tip Top Tailors
Tip Top Tailors is a Canadian retail clothing chain, selling primarily menswear: suits, tuxedos , casual wear, sportswear and outerwear; as well, most stores have an in-house tailor (provides tailoring for clothing purchased within the store). Tip Top Tailors operates 102 stores across Canada and is a division of Grafton Apparel Ltd. The first Tip Top Tailors opened in 1909. History Tip Top Tailors was a Canadian menswear clothing retailer founded in Toronto in 1909 by Polish-Jewish immigrant David Dunkelman (1883–1978). He rented his first store at 245 Yonge Street, Toronto, selling tailored suits for $14. The name of the chain was chosen by a customer in a contest. A now landmark building that housed the manufacturing, warehousing, retail and office operations for Tip Top Tailors was built at 637 Lake Shore Boulevard West, Toronto, Ontario. This building was designed by architect and engineer Roy H. Bishop in a classic Art Deco style. Construction was completed in 1929. Foun ...
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Edison Brothers Stores
Edison Brothers Stores, Inc., was a retail conglomerate based in St. Louis, Missouri. It operated numerous retail chains mainly located in shopping malls, mostly in the fields of shoes, clothing and entertainment, with Bakers Shoes as its flagship chain. The company was liquidated and condemned in 1999, though some of the chains it operated continued under different owners. History The company began on October 28, 1922, when brothers Sam, Harry, Mark, Irving, and Simon Edison—most of whom had previous experience in the shoe business working for others—opened their first shoe store, Chandler's, in Atlanta, Georgia. The store was a success and the brothers opened up a second shoe store, called Baker's, the next year. By 1928, the brothers operated 12 Chandler's stores; the next year, the company went public, using the money raised to open 14 more Baker's stores and three more Chandler's stores, and moved its headquarters to St. Louis. The company survived the Great Depression by ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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London, Ontario
London (pronounced ) is a city in southwestern Ontario, Canada, along the Quebec City–Windsor Corridor. The city had a population of 422,324 according to the 2021 Canadian census. London is at the confluence of the Thames River, approximately from both Toronto and Detroit; and about from Buffalo, New York. The city of London is politically separate from Middlesex County, though it remains the county seat. London and the Thames were named in 1793 by John Graves Simcoe, who proposed the site for the capital city of Upper Canada. The first European settlement was between 1801 and 1804 by Peter Hagerman. The village was founded in 1826 and incorporated in 1855. Since then, London has grown to be the largest southwestern Ontario municipality and Canada's 11th largest metropolitan area, having annexed many of the smaller communities that surround it. London is a regional centre of healthcare and education, being home to the University of Western Ontario (which brands it ...
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The Timberland Company
Timberland LLC is an American manufacturer and retailer of outdoor footwear, owned by VF Corporation and founded in Boston, Massachusetts in 1952. The company also sells apparel and accessories including watches, eyewear, and leather goods. Timberland's corporate headquarters are located in Stratham, New Hampshire. History In 1952, Nathan Swartz, a shoemaker from Ukraine, bought half-interest in the Abington Shoe Company in Boston, Massachusetts. Swartz and his sons eventually acquired the remaining shares. Through the 1960s the company specialized in making private-label boots and shoes for other brands. In 1969, Abington moved to Newmarket, New Hampshire and focused on producing waterproof boots made with injection molding, capable of withstanding the winters of the region. The Timberland boot was introduced in 1973. Its popularity grew, prompting the Swartzes to discontinue manufacturing for others and concentrate on expanding their own brand. The Abington Shoe Company was ...
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Cadillac Fairview Corporation
The Cadillac Fairview Corporation Limited is a Canadian company that invests in, owns, and manages commercial real estate, mainly in Canada and the United States. As of March 2017, the company had 73 properties, encompassing 38 million square feet, worth over $29 billion. As of September 2017, Cadillac Fairview's portfolio consisted of 60% Canadian retail (mainly major shopping centres) and 26% Canadian office buildings. Cadillac Fairview is wholly owned by the Ontario Teachers' Pension Plan. History The name "Cadillac Fairview" came into existence in 1974 as a result of the merger between Cadillac Development Corporation Ltd and Fairview Corporation. Cadillac Development Corporation was founded by partners Ephraim Diamond (d. 2008), Joseph Berman (1922-2003), and Jack Kamin in Toronto in 1953 as a developers of high-rise apartment buildings. Fairview Corporation was established in 1958 as the real estate division of Cemp Investments, the holding company of the Bronfman family ...
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Early 1990s Recession
The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed in part to the 1992 U.S. presidential election victory of Bill Clinton over incumbent president George H. W. Bush. The recession also included the resignation of Canadian prime minister Brian Mulroney, the reduction of active companies by 15% and unemployment up to nearly 20% in Finland, civil disturbances in the United Kingdom and the growth of discount stores in the United States and beyond. Primary factors believed to have led to the recession include the following: restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, the end of the Cold War and the subsequent decrease in defense spending, the savings and loan crisis and a slump in office construction resulting from overbuilding during ...
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Thrifty's
Thrifty's Inc. (doing business as Bluenotes) is a Canadian "lifestyle" clothing brand. Bluenotes currently operates 120+ stores in Canada, across all major provinces, and it includes an online store. Thrifty's' 107 stores were bought out by U.S. retailer American Eagle Outfitters from Dylex and rebranded the store with name Bluenotes in 2000. Eventually the division was sold to privately owned YM, Inc. in 2004. Products Bluenotes uses denim as the base and then sells many other things. Despite the focus on denim Bluenotes also carries a variety of other clothing items such as onesies, polos, graphic tees, plaids, hoodies, sweaters, dresses, swimwear, footwear, and accessories. Marketing strategy The target market can be described as Millennial Millennials, also known as Generation Y or Gen Y, are the Western demographic cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as starting birth years and the mid-1990s ...
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Dylex
Dylex Limited was one of Canada's largest retailers during the 1970s and 1980s, where it operated a number of specialty retail stores, including women's wear, men's wear, and family stores, including BiWay, a large, and now defunct, Canadian discount chain. History Dylex was formed in 1966 as a holding company for the purchase of Tip Top Tailors through a partnership between Jimmy Kay, a decorated World War II veteran and businessman, and Wilfred Posluns, a former stockbroker. The company name was an acronym for "Damn Your Lousy Excuses." It absorbed Posluns' company and Kay's Fairweather stores. From the start the company maintained retail and manufacturing operations. After a year, the company's sales at its meanswear stores had reached $37 million. In 1984, Dylex purchased 50% of NBO Stores Inc., a 28-store chain of men's clothing discounters founded in Yonkers in 1971 as National Brands Outlet by Leon Atkind. In 1988, it purchased the remaining 50% from Atkind for $25 millio ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must comp ...
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Woolco
Woolco was an American-based discount retail chain. It was founded in 1962 in Columbus, Ohio, by the F. W. Woolworth Company. It was a full-line discount department store unlike the five-and-dime Woolworth stores which operated at the time. At its peak, Woolco had hundreds of stores in the US, as well as in Canada and the United Kingdom. While the American stores were closed in 1983, the chain remained active in Canada until it was sold in 1994 to rival Walmart, which was looking to enter the Canadian market. All of the former UK Woolco stores were sold by Kingfisher, who had bought the UK Woolworth business, to Gateway who subsequently sold them to Asda. History Creation The creation of Woolco coincided with the expansion of suburbia. Woolworth's flagship stores were still doing well, but the company wanted to tap into the growing discount department store market without diluting its dominant position in the variety store business. The first Woolco store was located in Columbus, ...
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Woodstock, Ontario
Woodstock is a city in Southwestern Ontario, Canada. The city has a population of 40,902 according to the 2016 Canadian census. Woodstock is the seat of Oxford County, at the head of the non-navigable Thames River, approximately 128 km from Toronto, and 43 km from London, Ontario. The city is known as the Dairy Capital of Canada and promotes itself as "The Friendly City". Woodstock was first settled by European-colonists and United Empire Loyalists in 1800, starting with Zacharias Burtch and Levi Luddington, and was incorporated as a town in 1851. Since then, Woodstock has maintained steady growth, and is now a small city in Southwestern Ontario. As a small historic city, Woodstock is one of the few cities in Ontario to still have all of its original administration buildings. The city has developed a strong economic focus towards manufacturing and tourism. It is also a market city for the surrounding agricultural industry. Woodstock is home to a campus of Fanshawe Coll ...
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