Grenville invests $1M in WATCH IT!
Grenville Strategic Royalty Corp invested $1 million in WATCH IT! with an option, if agreed upon by both companies, to advance an additional $1 million.
Toronto-based Grenville will receive a royalty based on WATCH IT!’s system-wide sales within its average royalty rate between 1% and 4%.
WATCH IT! is a Canadian specialty retailer and franchisor offering mid-priced, brand name watches, sunglasses, accessories, and watch repair services. Founded in 1999 as a privately held, Alberta-based company, it has grown to a mix of over 30 corporate and franchise boutique stores across Canada.