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Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune

Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
The Garage store at Royalmount mall in Québec.
The Garage store at Royalmount mall in Québec. (Courtesy)

Low-rise jeans. Halter tops. Skorts. Anyone who came of age in the early 2000s may remember these fashions with some mix of nostalgia and embarrassment.

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