Menswear retailer acquires all Jones New York stores in Canada; to expand

New York -- Jones New York stores won’t be shutting out the lights up north.



Canadian menswear retailer Grafton Fraser Inc. has acquired Jones New York’s 35 stores in Canada for an undisclosed amount. The Toronto-based company said it is planning "significant growth" in the number of Jones stores going forward.



In addition, Grafton has signed a long-term agreement with Authentic Brands Group, owner of the Jones New York brand, to operate the Jones New York e-commerce business in Canada. ABG purchased the brand in April, from private-equity firm Sycamore Partners. In January, the company announced it would close all 127 Jones stores, including the Canadian ones, by the end of 2015.



“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-plus years of experience to Canadian fashion retail, and see Jones New York as a perfect fit for Grafton, stated Dave McGregor, president and CEO of Grafton.



Grafton operates stores under a variety of banners, including Tip Top Tailors, George Richards Big & Tall, Mr. Big & Tall, and Kingsport.