By  on March 22, 2010

Samuelsohn Ltd., the Montreal-based tailored clothing brand, has been sold to Grano Retail Investments, an investment and advisory company headed by Stephen Granovsky. Terms were not disclosed, but financing was provided by BDC, Canada’s business development bank.

Granovsky, Grano’s founder and chief executive officer, will become ceo of Samuelsohn, an 87-year-old family-owned business. Twin brothers Michael and Richard Samuelsohn, grandsons of the founder, will exit the company.

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