 On the other side sat representatives of the Posluns family, who for three generations had been involved in the Toronto garment industry.The Posluns and Kay had never met each other prior to the meeting (an auditor who worked for both Kay and the Posluns had arranged the meeting) but they were both interested in acquiring the same company, Tip Top Tailors.By 1967 Tip Top Tailors had lost its luster and had deteriorated into "an old broken-down chain" according to Toronto broker Donald Tigert.