Love affair with Toronto helps hat retailer stand out from the pack
Snapback caps and fedoras line the shelves in neat, colour-co-ordinated rows at Brimz, a downtown Toronto store in the city’s hip Queen Street West neighbourhood.
It’s a small space with a big following that includes Serge Ibaka of the Toronto Raptors and Auston Matthews of the Maple Leafs, as well as the musicians Karl Wolf, Jazz Cartier and Belly.
“It’s been a process understanding our business and what our customers want,” says Dameion Royes, who is chief executive officer and co-owner of Brimz Group Inc. with business partner Jack Vilayvong. “But we know we’re doing something right when guys like [U.S. rapper] Swae Lee come here – the way he reacted to the product and the amount of product he bought, it affirms that we’re going in the right direction.”
The right direction wasn’t so clear to Mr. Royes five years ago, when he started to rethink his path in life and business. He had achieved a degree of success as partner and co-founder of Big It Up, a Toronto retailer that had initially sold men’s skincare products when it launched in 1996 before switching to hats.
“I had a great relationship with my partners – we had the nice house, the cars and all that stuff,” recalls Mr. Royes, who is in his 40s. “But by that time, I wanted to live together with my girlfriend and was making other life changes that were going against the grain of the business.”
Breaking up a business partnership to make way for changes in one’s personal life may seem like a drastic course of action. But it’s not that unusual for entrepreneurs to take a new direction once they’ve reached a certain level of success, says John Stix, a public speaker on leadership, corporate culture and transformation and co-founder of the telecom firm Fibernetics Corp. in Cambridge, Ont.
Not everyone can step away from the business they built. That’s why Mr. Royes’s decision to separate from his partners was a brave step, says Mr. Stix.
Despite efforts by all parties to work toward an agreement that would satisfy everyone, in the end the split was painful, says Mr. Royes. For one, the store his partners gave him had been a poor performer for Big It Up, he says.
“I had actually asked for another store, but my colleagues gave me this store,” he says. “I had to muster all my creativity to turn it around.”
Revenue at Brimz started at $200,000 in its first year and has since grown by about 30 per cent in each subsequent year, says Mr. Royes. The business, which he says generates a profit, has also expanded from its bricks-and-mortar beginning into online sales as well as vending machines at two sites, including Toronto Pearson International Airport.
“I have a friend in finance who tells me that this doesn’t happen commonly in retail,” says Mr. Royes. “He says it’s based on something magical we’re doing.”
The magic may be in the Toronto-loving culture at Brimz. At one point in the company’s infancy, Mr. Royes and Mr. Vilayvong started producing merchandise that reflected their love of the city and its musicians, artists and athletes.
“Our caps sell the most, and the beauty is they extend us into different markets,” says Mr. Royes. “We design and manufacture caps for companies and restaurants, and when we’re creating tour merchandise for celebrities they consistently ask for caps.”
As Brimz continues to grow, Mr. Royes is determined to stay away from the mass-market trap of simply cranking out merchandise. Creativity is a currency, and “if you’re born to create you have to fight to do it by all means,” he says.
“You need to have soul – it sucks to just sell product,” he adds.
While that may sound like a commitment to keeping the business limited and small, there are many examples of successful companies that have built global empires on products that convey soul and creativity, says Michel Falcon, a Toronto-based expert on corporate culture.
“You could build a corporate culture on a vision of soul, and scale your company based on how you want your products to act and feel like,” he says. “Brimz is actually in a good position to be building its culture now because it’s much easier to define your organization’s DNA in the early days.
"And it sounds like they’ve got a good leader who’s already living and breathing his vision of soul every day.”