Frasers Group closes in on deal for Savile Row tailor
Shirebrook-based Frasers Group is nearing a takeover deal to buy troubled Savile Row tailor Gives & Hawkes.
Frasers is in “advanced talks” to buy the company, which has been up for sale since its Hong Kong-based owner collapsed earlier this year, according to reports from Sky News.
Gieves & Hawkes can trace its history back to 1771, with its current company make-up formed in 1974. The firm has held Royal Warrants for the late Queen Elizabeth III, and also King Charles II and the Duke of Edinburgh.
The company has the prestigious 1 Savile Row address and has been part of the Trinity Group, which is owned by the Shandong Ruyi Technology Group, which itself went under earlier this year.
Frasers is in bullish mood. It has continued it pursuit of Australian fashion marketplace MySale for most of the year, snapping up shares at frequent intervals.
In the summer, it also bought I Saw it First, which was added to another recent acquisition – Missguided.