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Mike Ashley’s Frasers Group has confirmed the acquisition of Savile Row tailor Gieves & Hawkes. Frasers Group, which owns Sports Direct, House of Fraser, and Flannels,… View Article

FASHION RETAIL NEWS UK

Frasers Group snaps up Gieves & Hawkes

25 November, 2022 | by Natalie Fresen

Mike Ashley’s Frasers Group has confirmed the acquisition of Savile Row tailor Gieves & Hawkes.

Frasers Group, which owns Sports Direct, House of Fraser, and Flannels, snapped up the 250-year-old brand and five UK stores.

Gieves & Hawkes was put on the market after its Hong Kong-based owner was put into administration in December 2021.

Michael Murray, Chief Executive of Frasers Group, commented: “We are delighted to have acquired Gieves & Hawkes, securing a long-term future for an iconic 250-year-old brand. This acquisition further adds to our portfolio of strategic investments in luxury and premium brands.”

The historic tailoring business, which was established 250 years ago, is based at No 1 Savile Row and has a Royal Warrant for HM The King and has dressed some of the most important characters in British history including Sir Winston Churchill and Admiral Lord Nelson.

This is not the first time Mike Ashley’s retail empire has stepped in to take over troubled companies. Most recently, he made deals with fast-fashion online retailers, Missguided and ISawItFirst.