Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune

March 20, 2026, 1:00 PM UTC

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.

Yet they’re the height of cool again for today’s 20-somethings, and perhaps no one has made more money off that resurgence than Andrew Lutfy.

Lutfy, 61, is the majority owner and chief executive officer of the Montreal-based apparel maker that operates Garage Clothing, a Y2K-era brand now enjoying a renaissance as Gen Z rediscovers Paris Hilton and peak-fame Britney Spears as fashion icons.

Andrew Lutfy at the Royalmount mall in Montreal.
Photographer: Andrej Ivanov/Bloomberg

Since Lutfy listed his Groupe Dynamite in 2024, its shares ...

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