Groupe Dynamite Inc. (TSX: GRGD) is a

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

-based clothing company, originally founded in 1975 as ''Garage''. The company creates, designs, markets and distributes from its head office in

Montreal Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...

Quebec Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...

, and operates over 300 stores across Canada and the

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, with around 6,000 employees (as of 2024). Operating retail stores and digital experiences under two complementary and spirited banners—GARAGE and DYNAMITE—Groupe Dynamite offer a wide range of women's fashion apparel, catering to the needs of Generation Z and Millennials. In December 2020, the group partnered with

Uber Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, a ...

to offer same-day delivery to customers in the Montreal area. Groupe Dynamite became the first national retailer in Canada to offer this service.

History

Garage

Created in 1975, the ''Garage'' banner was the inception of the current company.

Groupe Dynamite

Groupe Dynamite was established in 1984. In 2020, while the COVID-19 pandemic prompted a restructuration, the company emerged with stronger lease terms and a more agile operating model. Groupe Dynamite has since demonstrated strong growth momentum. The company went public in November 2024 via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

raising and valuing the company at $2.3 billion.{{Cite news , last=Dion , first=Mathieu , date=9 December 2024 , title=Billionaire Lutfy's Dynamite IPO Was a Matter of Succession , url=https://www.bloomberg.com/news/articles/2024-12-09/billionaire-andrew-lutfy-s-groupe-dynamite-ipo-was-a-matter-of-succession , publisher=Bloomberg News

References

2024 initial public offerings Clothing retailers of Canada Companies based in Montreal Companies listed on the Toronto Stock Exchange Companies that have filed for bankruptcy in Canada Companies that have filed for Chapter 15 bankruptcy Mount Royal, Quebec