Word: lifson
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Dates: during 2000-2009
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...company's production to Asia years ago. He's not alone; annual manufacturing shipments of made-in-Canada garments have plummeted more than 35%, to about $4.5 billion, since 2002. "With the rising dollar, we couldn't afford to make everything in this country anymore," says Elliot Lifson, vice chairman of Montreal-based Peerless Clothing, which has outsourced 70% of its production to plants in China, India and Vietnam over the past three years. Once the loonie passed 80¢, the $500 million company, which has exclusive licensing agreements with top designers, including Ralph Lauren, Calvin Klein and Michael Kors...