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© 2023 Ivest Consumer Partners LLC

 

 

Select Investments

 

IVEST Consumer Partners investments include the following companies.

Spence Diamond Store
M&M Food Store
Spence Diamonds

Spence Diamonds is the largest Canadian-owned retailer of diamond jewellery. It is a privately held company, founded in Vancouver in 1978, With retail stores in Vancouver,Langley, Calgary, Edmonton and Toronto.

Spence is the only Canadian jeweler with its own buying office in the Antwerp,  Belgium diamond district. Over 80% of merchandise is produced in the company-owned manufacturing facility in Vancouver. 

M&M Food Shops

M&M Food Shops (French: Les aliments M&M) is the largest specialty frozen food store chain in Canada. The company is headquartered in Toronto, Ontario, and has over 850 locations.  In all ten provinces, the Yukon and Northwest Territories. M&M offers a delectable selection of more than 375 mouth watering products including meats, seafood, appetizers, fruits, vegetables and desserts, the majority of which are flash-frozen.

Operating Track Record

Project Comfort

IVEST is led by a team of world class operators that have a proven track record of building value while taking an operational hands-on approach in consumer retail.  Focused on middle market opportunities in the consumer retail sector, IVEST brings a wealth of knowledge to sourcing, licensing, product development, and overall marketing strategy to their portfolio companies and partners. Project Comfort offered the opportunity to institutionalize a successful family business and to drive growth through entry into new markets and geographies.

Project Adventure

IVEST is led by a team of world class operators that have a proven track record of building value while taking an operational hands-on approach in consumer retail.  Focused on middle market opportunities in the consumer retail sector, IVEST brings a wealth of knowledge to sourcing, licensing, product development, and overall marketing strategy to their portfolio companies and partners. Project Adventure offered the opportunity to institutionalize a successful family business and to drive growth through entry into new markets and geographies.

Operating Track Record

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Download the Harvard Case Study 

On how IVEST Consumer Partner members George Jones and Ken Armstrong turned around and transformed the Parisian Stores division during their tenure at Saks Department Store Group

Excerpt

 

In 2005, George Jones had two jobs: he was head of Saks Inc.'s 41-store Parisian department store chain as well as President and CEO of the Saks Department Store Group (SDSG), an umbrella for seven chains with a total of 182 stores across the United States. In 2003 Jones had taken over direct management of the faltering Birmingham, Alabama-based Parisian, which operated moderate to upscale department stores in the southeastern United States. By mid-2005, he had succeeded in turning the business around. "Between Q2 2003 and Q2 2005, we registered eight successive growth quarters all the while reducing expenses. We had a dramatic impact on almost all of our stores and registered 20% to 40% sales growth in many of our stores. Turns were up nearly 20% and profitability improved over 90%." --George Jones

 

 

Subjects Covered

Growth strategy, Marketing, Profitability, Turnarounds