Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Frasers finally gains a cut above the rest with Gieves & Hawkes purchase

by November 25, 2022
November 25, 2022
Frasers finally gains a cut above the rest with Gieves & Hawkes purchase

Michael Murray’s attempt to “elevate” the Frasers Group brand has stepped up a gear after the Sports Direct owner confirmed it had bought Gieves & Hawkes.

The Savile Row tailor, which has dressed royalty as well as Lord Nelson, Winston Churchill and Noël Coward, was put up for sale this year after its Chinese owner was placed into liquidation.

Frasers’ interest in the 250-year-old tailor emerged in September. Murray, who has taken over day-to-day running of the retail group from Mike Ashley, his father-in-law, aims to reposition Frasers as a more upmarket business.

Murray, 33, said: “This acquisition adds to our portfolio of strategic investments in luxury and premium brands.” It is understood all five Gieves & Hawkes stores will be part of the deal, including its best-known location at No 1 Savile Row in central London. Its other stores are in Bath, Birmingham, Chester and Winchester.

Gieves & Hawkes dates to 1771, when Thomas Hawkes opened his first shop in Brewer Street selling military outfits to military and naval commanders.

Last November a winding-up petition was issued against Gieves & Hawkes and its sister brands Cerruti and Kent & Curwen in a court in Hong Kong after its owner Trinity Limited defaulted on a loan.

Frasers has a record of buying distressed businesses. In June it bought Missguided’s brand out of administration for £20 million.

Read more:
Frasers finally gains a cut above the rest with Gieves & Hawkes purchase

0
FacebookTwitterGoogle +Pinterest
previous post
Meta seeks government protection from Rees-Mogg’s EU law bonfire
next post
Atom Bank suspends flotation after raising £30m from investors

You may also like

Think tank says tax cars based on their...

July 18, 2023

Starmer targets digital trade deal with Trump as...

February 7, 2025

Marylebone Diagnostic Centre: London’s Discreet Destination for Precision...

May 4, 2025

‘Tourist Tax’ Set to Stay: Spring Budget Unlikely...

February 26, 2024

Rachel Reeves Pledges ‘Most Pro-Growth Treasury in History’

May 28, 2024

Secrets of Success: Simon Biltcliffe – Executive Chairman,...

December 12, 2023

How Historical Club Rivalries Influence Modern Transfer Policies

February 17, 2025

£10 million ‘Get Britain Working’ programme launches in...

May 14, 2025

Reflecting on a Year of Liz Truss’ Premiership:...

September 6, 2023

Young parents and over-50s will be beneficiaries in...

March 12, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025
    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,564)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved