THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Savile Row tailor placed into liquidation as quest for buyer fails

Trinity Group, the parent company behind iconic men’s Savile Row tailor Gieves & Hawkes has been put into liquidation after failed attempts to woo potential buyers…. View Article

FASHION

Savile Row tailor placed into liquidation as quest for buyer fails

Trinity Group, the parent company behind iconic men’s Savile Row tailor Gieves & Hawkes has been put into liquidation after failed attempts to woo potential buyers.

FTI Consulting and R&H Services have been appointed as joint liquidators for the 250-year-old brand, alongside its sister brands Kent & Curwen and Cerutti, according to The Times newspaper.

The liquidators were drafted in by the company’s lender, Standard Chartered, after advisory firm RSM failed to find a buyer.

In 2012, the Savile Row tailor was snapped up by Trinity Limited, which is overseen by Shandong Ruyi Technology Group. Shandong Ruyi has faced mountains of debt and defaulted on bond payments, with its financial situation severely impacted by the pandemic.

It had been thought a sale would likely involve another Chinese buyer, although there were hopes that the firm could win over British supermarket titan Marks & Spencer.

The other potential buyer is the entrepreneur Touker Suleyman, owner of high street tailoring brand Hawes & Curtis, women’s wear label Ghost, and several clothing factories in Turkey, Bulgaria and Georgia, in the former Soviet Union, according to market reports.

Trinity Limited is rumoured to owe millions to David Beckham, after an agreement to licence his name and image for its Kent & Curwen brand was terminated early.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >