Groupe Dynamite

Groupe Dynamite is a Canada-based clothing company, originally founded in 1975 as The Garage Clothing Company. The company creates, designs, markets and distributes from its head office in Montreal, Quebec, and operates over 300 stores across Canada and the United States, with more than 3,800 employees (as of 2020).[2]

Groupe Dynamite, Inc.
TypePrivate
IndustryFashion
Retail
Founded1975 (Montreal, Quebec)
HeadquartersVille Mont-Royal, Quebec, Canada
Key people
Andrew Lutfy, CEO
ProductsClothing
Revenue450M CAD [1]
Number of employees
4,300 (2020)
SubsidiariesGarage
Websitegroupedynamite.com

In September 2020, the group filed for creditor protection under the Companies' Creditors Arrangement Act.[3]

In December 2020, the group partnered with Uber to offer same-day delivery to customers in the Montreal area. Groupe Dynamite became the first national retailer in Canada to offer this service.[4]

History

Garage
Main article: Garage (clothing retailer)

Created in 1975, The Garage Clothing Company was the inception of the current company.

Groupe Dynamite

Groupe Dynamite was established in 1984. In 2020, Groupe announced they would be restructuring the company, following their filing for creditor protection under the Companies' Creditors Arrangement Act. They also announced following the approval of that protection by the Superior Court of Quebec, they would seek provisional recognition under Chapter 15 of the US Bankruptcy Code .[5][2]

References
  1. Fournier, Marie-Eve (14 May 2013). "Les magasins Dynamite aux États-Unis" – via Cyberpresse.
  2. "GDI secures court protection from creditors under CCAA to restructure". Retail Insight Network. 2020-09-09. Retrieved 2022-12-06.
  3. Yerak, Becky (9 September 2020). "Garage Clothing Chain Owner Seeks Protection from Creditors Amid Coronavirus Struggles". Wall Street Journal.
  4. "Garage and Dynamite Partner with Uber to Provide Customers with Same-Day Delivery in Québec".
  5. "Groupe Dynamite files for creditor protection as COVID creates 'corporate tsunami' - BNN Bloomberg". 9 September 2020.
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