By  on November 13, 2012

Mark Derbyshire, the president of Holt Renfrew, thinks there’s been a huge misconception about the retailer: That Canada’s only luxury chain has been on easy street, with no Barneys New York, Saks Fifth Avenue or Neiman Marcus in its backyard to contend with.

“‘Mark,’ they say. ‘You don’t have any competition.’ But I say I do. I’ve always had competition. Just look out the window,” Derbyshire said, pointing westward down Bloor Street. “You see a lot of my brands right down the street. Prada, Gucci, Chanel — they’re all out there.”

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