Leading Canadian fur retailer acquires competitor

SANDY PARKER REPORT, VOL. 33, ISSUE 31, OCTOBER 5, 2009
The following extract is reproduced with permission from Sandy Parker Reports, Weekly International Fur News. Sandy Parker has been covering the fur industry for more than four decades. For most of that time he has published a weekly newsletter, detailing results of international pelt auctions, wholesale price trends, business developments and movements in the trade, as well as economic and political activities that may impact on it.

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International Fur News
with Sandy Parker

Leading Canadian fur retailer acquires competitor

AT A TIME WHEN OTHER BUSINESSES ARE RETRENCHING, a leading Canadian fur retailer has seized on a cross-border opportunity to acquire a venerable competitor. Lazare’s of Windsor, Ont., has purchased Kay Anos Furs of Grosse Pointe Woods, Mich., for an undisclosed sum.

Although separated by national borders, the two locations are less than an hour’s drive apart, both catering to separate upscale clienteles.

Lazare’s owner Paul Twigg acquired the store from the estate of Armen Anusbigian, whose father founded it 86 years ago and whose family has been running it ever since. The even older Lazare’s, established in 1914, also has an operation in Southfield, Mich., and will put its own name on the new acquisition next year. It will be under the personal supervision of Twigg, whose wife, Sharon, will manage the Windsor store.

IN THIS ISSUE
Prospects Challenging Stores
Surviving Season Is Goal…
…but Not at Sacrifice of Image
Most to Maintain Ad Budgets
Confidence Index Dips Again

For extracts from back issues of Sandy Parker Reports see News Archive. Subscribers can access an archive of complete issues at www.sandyparker.com.