Groupe Dynamite Inc. (TSX: GRGD) is a Canada-based clothing company that was founded in 1975 as Garage. The company creates, designs, markets and distributes from its head office in Montreal, Quebec, and operates over 300 stores across Canada and the United States, with around 6,000 employees (as of 2024). Groupe Dynamite offers women's fashion apparel catered to Generation Z and Millennials through its banners, GARAGE and DYNAMITE.[2]
In December 2020, the group partnered with Uber to offer same-day delivery to customers in the Montreal area, becoming the first national retailer in Canada to offer this service.[3]
History
Garage
Created in 1975, the Garage banner was the inception of the current company.
Groupe Dynamite
Groupe Dynamite was established in 1984. In 2020, while the COVID-19 pandemic prompted a restructuring, the company emerged with stronger lease terms and a more agile operating model. Groupe Dynamite has since demonstrated strong growth momentum.[4][5]
The company went public in November 2024 via an initial public offering on the Toronto Stock Exchange raising CA$300 million and valuing the company at $2.3 billion.[6][7]
References
- Christine Dobby, Mathieu Dion. Fast-fashion retailer Dynamite files for IPO as revenue grows Bloomberg News, 7 November 2024^
- Groupe Dynamite Investors - Welcome Groupe Dynamite Investors, retrieved 2025-10-17^
- Garage and Dynamite Partner with Uber to Provide Customers with Same-Day Delivery in Québec^
- Groupe Dynamite files for creditor protection as COVID creates 'corporate tsunami' - BNN Bloomberg 9 September 2020^
- GDI secures court protection from creditors under CCAA to restructure Retail Insight Network, 2020-09-09, retrieved 2022-12-06^
- Jenna Benchetrit. Montreal fashion brand Groupe Dynamite launches IPO on Toronto Stock Exchange Canadian Broadcasting Corporation, 21 November 2024^
- Mathieu Dion. Billionaire Lutfy's Dynamite IPO Was a Matter of Succession Bloomberg News, 9 December 2024^