Grafton Fraser acquires all Jones New York stores in Canada
Canadian men’s retailer Grafton Fraser has announced the acquisition of all 35 Jones New York retail stores in Canada, and the signing of a long-term partnership with Authentic Brands Group, LLC (ABG).
"We are very excited to add Jones New York women's clothing stores to our growing fashion retail portfolio," confirms 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...We bring 100+ years of experience to Canadian fashion retail, and see Jones New York as a perfect fit for Grafton."
Through the acquisition, Grafton Fraser will keep Jones New York's 400 employees and plans to grow the current number of stores. The company will also operate the Jones New York e-commerce site through its partnership with ABG.
"Grafton Fraser has the proven leadership, experience and team to reinforce Jones New York's powerful presence in the Canadian fashion market," states 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 is an American brand with over $750 million USD in retail sales in US, Canada, Europe, the Middle East and Latin America.
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