Faulkner Corporation
Established: September 22, 1946
Headquarters: Toronto, Ontario, Canada
Divisions:
- Faulkner Canadian
-- Faulkner Design
-- Allied Canadian Brewers (49%) [1]
-- TH3 Kanati Designs (25%)
-- Lululemon (15%)
-- Canada Goose
-- Stanfield's
-- Qwest System
-- Alpinestars
-- CCM Westfield (49%)
-- Hudson Boat Works (33.3%)
-- Arc'teryx
-- Islands Style
-- Daiya Foods (50%)
-- McMaster Design Studios
Faulkner Retail
-- Saks Fifth Avenue (50%)
-- Neiman Marcus (49%)
-- Westwood Commons
-- Bretton, Goodman and Spencer (40.5%)
-- The Queensway Company
-- Durham Retailers [2]
-- Sportchek (50%)
- Faulkner Luxury
-- Cartier (25%)
-- Gucci (49%)
-- Ulysse Nardin (51%)
-- James Stewart
-- Officine Panerai
-- The Montreal Watch Company
-- Whittier Designs
-- Mark Cross Fine Leather
-- Dunhill of London (50%)
-- Michael Kors (24.5%)
-- Julia Laurence (51%)
-- Ben Moss Jewelers
-- Victoria Faulkner Bespoke
-- Grand Touring Automobiles (24.5%)
- Faulkner Properties
-- Intrawest Properties (66.6%) [3]
-- Atlantic Properties [3]
-- The Royal Jamaica Resort Company
-- Trillium Resorts and Attractions
"The Best of Canada, to the World." The slogan of the vast, sprawling Faulkner Corporation is one that is indeed indicative of its place in the Canadian retail and fashion world, though it's ownership and substantial support towards dozens of entrepreneurs and firms in many separate industries is something of a legend in Canada, as well as their famous battle to combine many of the Canada's smaller department stores that ultimately created the successful Bretton, Goodman and Spencer company in the 1980s and 1990s. The company's massive luxury division became an important part of the company in part because of its retail movements, as a counterweight to the movements upscale of Eaton's and the Hudson's Bay Company.
Created after WWII by 20-year-old Eric Faulkner as a small custom clothes shop on St. Clair Avenue in Toronto, the company grew across Toronto and then Ontario for its considerable reputation for excellent goods at reasonable prices, before beginning to make headway into the luxury goods markets in the 1960s, followed by the beginnings of a property empire in the 1970s. The success of the clothing business resulted in the company selling its wares in huge numbers at the famed Simpson's department stores starting in 1970, and while they were successful Sears' working with Simpson's starting in 1978 resulted in the company being edged out of the stores. When combined with Eaton's early 1980s revival and the subsequent following by the Hudson's Bay Company, it forced Faulkner to find new opportunities. Rather than partner with Eaton's or HBC (as many expected) Faulkner spent the 1980s pushing the remnants of many independent department stores together into a cohesive body, using Faulkner's own goods and those of its increasing number of subsidiaries as a massive carrot for these firms. Having accomplished this in 1985, the revival of so many stores and brands out vast sums into the company's coffers, money that was promptly sent out to designers at all levels for new goods to sell. The company began organizing it's own fashion show series in 1988, and the success of so many of its newcomers made these shows must-see events, particularly after stakes in Cartier and Gucci meant their offerings became part of the shows in 1991.
The idea of Faulkner representing the "Best of Canada" extended to just about everything in the company's relationship with its home country. When Roots and Faulkner got into a heated rivalry over supplying Canada's Olympic teams in the 2000s, the company came to an agreement that both firms would supply collections and give athletes the choice of which they wished to use. (The two firms both had some successes at this.) As the massive craft beer boom began in Ontario and British Columbia in the 1990s the company lobbied for, and ultimately got, permission to open up stores just to sell the craft beers. (This led to a long and acrimonious legal fight between them and the bigger brewers, led by Molson Coors.) The company proudly epoused it's background in the company's American and Commonwealth stores, and it's marketing for its resorts doubled down on this, with its "Canada Invites You" campaigns in the 1990s.
Bretton, Goodman and Spencer followed the leads of their Canadian counterparts in American expansions in the 1990s, only to have some difficulty outside of a handful of niche locations - a story for the most part shared by HBC and Eaton's - and the company focus on those niche locations, and the company (again, like its rivals) successfully navigated the difficult roads for them created by the massive growth of the likes of Walmart and Target, both of which attempted to enter the Canadian market in the 1990s and found limited success - Walmart ended up departing in 2007, but Target held on and managed to carve themselves out a place in the scene. (Perhaps ironically, the Americans' failures were not shared by European or Japanese retailers of the likes of Marks and Spencer, Carrefour and AEON, all of whom managed to get estabished in Canada, and Costco was also fairly successful in its entry into the Canadian marketplace.) Operations in the Commonwealth (particularly Australia, New Zealand and South Africa) were more successful, and the company's image as a purveyor of fine Canadian goods led them in many of these places to work with other Canadian companies that didn't operate in said markets, in particular Roots Canada, Aritzia, Gildan Activewear and Peace Collective.
Despite the limited success in department-store operations, the luxury brands' success that the big Canadian retailers enjoyed led them to make moves into that field as well, with Lord and Taylor becoming part of the Eaton's empire, Saks Fifth Avenue being split between HBC and Faulkner in 2002. Faulkner Corporation made another substantial move when they recapitalized Neiman Marcus in 2010, gaining 49% ownership of the business as a direct result. The luxury brands' stables became ideal places for the subsidiaries of Faulkner Corporation to both market and sell their wares and they took full advantage of it, often leading to the jokes that the likes of Saks and Neiman Marcus became stores for only Canadian goods as a result. (This isn't even close to true, of course, but the parent companies didn't mind this view if it meant people saw said goods as being of a quality to belong in such establishments, and this was almost never a problem.)
As of 2020, the Faulkner Corporation remains based in the St. Clair West (located in the 17-story building located at the corner of St. Clair Avenue West and Oakwood Avenue the company built for itself in 1995-96, which includes a flagship store which sells everything from the firm's many subsidiaries) and remains controlled by the powerful Faulkner family, with the company currently being run by Eric Faulkner's granddaughter Samantha. The rivalry between the Faulkner clan and the Eaton family is one which has raged since the company's rise to influence in the 1960s to 1980s, but it is a friendly rivalry most often seen in their families' lavish lifestyles and even-more-lavish philanthropy. At times, though, the two see common ground, and such was the case with the construction of the Kateri Tekakwitha Park - built on the site of the bankrupt Galleria Mall, the park ended up being rather larger in scale than originally planned thanks to the involvement of many sponsors, including both the Faulkner and Eaton families.
[1] Allied Canadian Brewers is a large collection of beer stores across Canada supplied almost exclusively by craft brewers
[2] Durham Retailers is for the most part a small-business support group in the mold of the Yonge Company, but it's portfolio includes the massive Scarborough Town Centre and Durham Centre shopping malls and many other larger properties
[3] Intrawest and Atlantic Properties both specialize in destination resorts and adventure travel
Established: September 22, 1946
Headquarters: Toronto, Ontario, Canada
Divisions:
- Faulkner Canadian
-- Faulkner Design
-- Allied Canadian Brewers (49%) [1]
-- TH3 Kanati Designs (25%)
-- Lululemon (15%)
-- Canada Goose
-- Stanfield's
-- Qwest System
-- Alpinestars
-- CCM Westfield (49%)
-- Hudson Boat Works (33.3%)
-- Arc'teryx
-- Islands Style
-- Daiya Foods (50%)
-- McMaster Design Studios
Faulkner Retail
-- Saks Fifth Avenue (50%)
-- Neiman Marcus (49%)
-- Westwood Commons
-- Bretton, Goodman and Spencer (40.5%)
-- The Queensway Company
-- Durham Retailers [2]
-- Sportchek (50%)
- Faulkner Luxury
-- Cartier (25%)
-- Gucci (49%)
-- Ulysse Nardin (51%)
-- James Stewart
-- Officine Panerai
-- The Montreal Watch Company
-- Whittier Designs
-- Mark Cross Fine Leather
-- Dunhill of London (50%)
-- Michael Kors (24.5%)
-- Julia Laurence (51%)
-- Ben Moss Jewelers
-- Victoria Faulkner Bespoke
-- Grand Touring Automobiles (24.5%)
- Faulkner Properties
-- Intrawest Properties (66.6%) [3]
-- Atlantic Properties [3]
-- The Royal Jamaica Resort Company
-- Trillium Resorts and Attractions
"The Best of Canada, to the World." The slogan of the vast, sprawling Faulkner Corporation is one that is indeed indicative of its place in the Canadian retail and fashion world, though it's ownership and substantial support towards dozens of entrepreneurs and firms in many separate industries is something of a legend in Canada, as well as their famous battle to combine many of the Canada's smaller department stores that ultimately created the successful Bretton, Goodman and Spencer company in the 1980s and 1990s. The company's massive luxury division became an important part of the company in part because of its retail movements, as a counterweight to the movements upscale of Eaton's and the Hudson's Bay Company.
Created after WWII by 20-year-old Eric Faulkner as a small custom clothes shop on St. Clair Avenue in Toronto, the company grew across Toronto and then Ontario for its considerable reputation for excellent goods at reasonable prices, before beginning to make headway into the luxury goods markets in the 1960s, followed by the beginnings of a property empire in the 1970s. The success of the clothing business resulted in the company selling its wares in huge numbers at the famed Simpson's department stores starting in 1970, and while they were successful Sears' working with Simpson's starting in 1978 resulted in the company being edged out of the stores. When combined with Eaton's early 1980s revival and the subsequent following by the Hudson's Bay Company, it forced Faulkner to find new opportunities. Rather than partner with Eaton's or HBC (as many expected) Faulkner spent the 1980s pushing the remnants of many independent department stores together into a cohesive body, using Faulkner's own goods and those of its increasing number of subsidiaries as a massive carrot for these firms. Having accomplished this in 1985, the revival of so many stores and brands out vast sums into the company's coffers, money that was promptly sent out to designers at all levels for new goods to sell. The company began organizing it's own fashion show series in 1988, and the success of so many of its newcomers made these shows must-see events, particularly after stakes in Cartier and Gucci meant their offerings became part of the shows in 1991.
The idea of Faulkner representing the "Best of Canada" extended to just about everything in the company's relationship with its home country. When Roots and Faulkner got into a heated rivalry over supplying Canada's Olympic teams in the 2000s, the company came to an agreement that both firms would supply collections and give athletes the choice of which they wished to use. (The two firms both had some successes at this.) As the massive craft beer boom began in Ontario and British Columbia in the 1990s the company lobbied for, and ultimately got, permission to open up stores just to sell the craft beers. (This led to a long and acrimonious legal fight between them and the bigger brewers, led by Molson Coors.) The company proudly epoused it's background in the company's American and Commonwealth stores, and it's marketing for its resorts doubled down on this, with its "Canada Invites You" campaigns in the 1990s.
Bretton, Goodman and Spencer followed the leads of their Canadian counterparts in American expansions in the 1990s, only to have some difficulty outside of a handful of niche locations - a story for the most part shared by HBC and Eaton's - and the company focus on those niche locations, and the company (again, like its rivals) successfully navigated the difficult roads for them created by the massive growth of the likes of Walmart and Target, both of which attempted to enter the Canadian market in the 1990s and found limited success - Walmart ended up departing in 2007, but Target held on and managed to carve themselves out a place in the scene. (Perhaps ironically, the Americans' failures were not shared by European or Japanese retailers of the likes of Marks and Spencer, Carrefour and AEON, all of whom managed to get estabished in Canada, and Costco was also fairly successful in its entry into the Canadian marketplace.) Operations in the Commonwealth (particularly Australia, New Zealand and South Africa) were more successful, and the company's image as a purveyor of fine Canadian goods led them in many of these places to work with other Canadian companies that didn't operate in said markets, in particular Roots Canada, Aritzia, Gildan Activewear and Peace Collective.
Despite the limited success in department-store operations, the luxury brands' success that the big Canadian retailers enjoyed led them to make moves into that field as well, with Lord and Taylor becoming part of the Eaton's empire, Saks Fifth Avenue being split between HBC and Faulkner in 2002. Faulkner Corporation made another substantial move when they recapitalized Neiman Marcus in 2010, gaining 49% ownership of the business as a direct result. The luxury brands' stables became ideal places for the subsidiaries of Faulkner Corporation to both market and sell their wares and they took full advantage of it, often leading to the jokes that the likes of Saks and Neiman Marcus became stores for only Canadian goods as a result. (This isn't even close to true, of course, but the parent companies didn't mind this view if it meant people saw said goods as being of a quality to belong in such establishments, and this was almost never a problem.)
As of 2020, the Faulkner Corporation remains based in the St. Clair West (located in the 17-story building located at the corner of St. Clair Avenue West and Oakwood Avenue the company built for itself in 1995-96, which includes a flagship store which sells everything from the firm's many subsidiaries) and remains controlled by the powerful Faulkner family, with the company currently being run by Eric Faulkner's granddaughter Samantha. The rivalry between the Faulkner clan and the Eaton family is one which has raged since the company's rise to influence in the 1960s to 1980s, but it is a friendly rivalry most often seen in their families' lavish lifestyles and even-more-lavish philanthropy. At times, though, the two see common ground, and such was the case with the construction of the Kateri Tekakwitha Park - built on the site of the bankrupt Galleria Mall, the park ended up being rather larger in scale than originally planned thanks to the involvement of many sponsors, including both the Faulkner and Eaton families.
[1] Allied Canadian Brewers is a large collection of beer stores across Canada supplied almost exclusively by craft brewers
[2] Durham Retailers is for the most part a small-business support group in the mold of the Yonge Company, but it's portfolio includes the massive Scarborough Town Centre and Durham Centre shopping malls and many other larger properties
[3] Intrawest and Atlantic Properties both specialize in destination resorts and adventure travel
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