LMAG acquires Lipson shirtmakers
Montreal-based apparel company Luxury Men’s Apparel Group (LMAG), which owns Hickey Freeman, Samuelsohn and Culturata, has announced the acquisition of Canadian men’s dress shirts manufacturer Lipson.
Based in Toronto, the Lipson brand and their private label merchandise is sold to over 200 stores across North America including Harry Rosen and Holt Renfrew. Under parent company LMAG, Lipson will continue to manufacturer dress shirts.
“Samuelsohn and Lipson have both been suppliers of Harry Rosen for nearly 50 years. We think it’s terrific that LMAG has made this latest acquisition. They have proven very adept at revitalizing time-honoured brands and keeping jobs and the production of quality apparel in Canada,” said Larry Rosen, Chairman and CEO, Harry Rosen Inc.
To run Lipson, LMAG has recruited Paul Lindzon who will invest as a partner and will become the new President. Jordan Lipson will be joining new parent company, LMAG, as Vice President, Special Projects. What’s more, D’Arcy St.Pierre, formerly a senior executive at ShirtFit, will join as Executive Vice-President, while Lui Sguazzin has been promoted to Vice-President, Sales.
“We intend to invest further in quality and design to develop Samuelsohn and Hickey Freeman dress shirts,” said Paul Lindzon. “Additionally, we will invest significantly to retrofit the facility to become North America’s finest custom shirt maker.”
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