On July 11, 2000, Dylex Limited completed the sale of its Tip Top Tailors Group Division to Grafton-Fraser Inc. The reported purchase price was $32.5 million.
Fasken Martineau DuMoulin LLP acted for Grafton-Fraser on the deal with a team that included Toronto lawyers Mark Stinson, David Salomon, John Abraham, Gary Fogler, Belinda James, Mark Burton, Stephen Kerr, Peter Leonard, Tony Baldanza, Kathleen Hanly, Brent Jay, Peggy McCallum, Ralph Nero and David Lemieux of the Montreal office. Goodman Phillips & Vineberg acted for Dylex with a team that included Stephen Bloom, Allan Goodman, Ken Herlin, Kari Mackay, David Wiseman, Cyndee Todgham-Cherniak, Dan Gormley, Monica Mraz and Jana Steele. Richard Jacobs of the Boston firm of Riemer & Braunstein LLP acted for Fleet Retail Inc., Grafton-Fraser’s lender on the transaction, and Tim Schumacher of Osler, Hoskin & Harcourt LLP acted as Canadian counsel to the lender with assistance from Katty Habib.