Mike Ashley’s high street empire is close to sealing the purchase of Gieves & Hawkes, one of the most prominent names in British tailoring, Sky News learns.
It has dressed some of the most important figures in English history, including Sir Winston Churchill and Lord Nelson at the Battle of Trafalgar in 1805.
Based at 1 Savile Row, the brand has been part of Trinity Group - which is in turn owned by the collapsed Shandong Ruyi Technology Group - since 2012.For the previous decade, it was owned by a subsidiary of Hong Kong-based Wing Tai Properties. In recent years Frasers - previously known as Sports Direct International - has swallowed high street brands including Jack Wills, Evans Cycles and Agent Provocateur.More recently, it looked at buying Made.com, which was snapped up by Next Group last week after collapsing into insolvency.Daniel Chow, one of the liquidators, was quoted in July as saying: 'Gieves has a solid foundation and a reputable name.
"We are confident we will find the right partner who can bring its expertise and resources to help drive future growth, maximise its value and take it to the next level."
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