Grafton Fraser partners with PE-backed ABG in Jones New York deal
Toronto-based menswear retailer Grafton Fraser Inc, which was acquired by Gordon Brothers Group in 2007, has bought all 35 Jones New York retail stores across Canada. No financial terms were disclosed. Grafton Fraser said it plans to grow the number of stores. It has also formed a long-term strategic partnership with Authentic Brands Group LLC (ABG), which bought Jones New York from an affiliate of Sycamore Partners in April. Based in New York, and with offices in Toronto and Los Angeles, ABG is owned by U.S. private equity firm Leonard Green & Partners. Leonard Green and Canada's Knight’s Bridge Capital Partners invested in the brand development and licensing company in 2010.
30 July 2015•4 mins read
