Home / Knowledge / News / Apparel/Garments / Trinity buys iconic British tailor Gieves & Hawkes
Trinity buys iconic British tailor Gieves & Hawkes
13
Apr '12
Trinity Limited, one of the leading high-end to luxury menswear companies in Greater China, announced that it has agreed to purchase the Gieves & Hawkes brand and its business from a subsidiary of the Hong Kong listed - Wing Tai Properties Limited, which has owned Gieves & Hawkes since 2002, for an initial purchase price of £32.5 million plus annual payments for 18 years up to a cumulative maximum of £60 million.

The annual payments may or may not be payable depending mainly on the future growth of Gieves & Hawkes' business in Greater China. The transaction is expected to complete within a month, and will be paid for from Trinity's internal resources (including available banking facilities).

Mr Wong Yat Ming, Group Managing Director of Trinity, said, “We are very pleased to be adding Gieves & Hawkes to our stable of self-owned brands. Gieves & Hawkes is renowned for its strong heritage in fine tailoring and dedication to quality, the combination of which gives the brand an immense appeal for discerning customers around the world and, most importantly, in fast growing luxury markets like China.”

Headquartered in Hong Kong, Trinity is a retailer of high-end to luxury international menswear brands that in addition to Gieves & Hawkes, include Kent & Curwen, Cerruti 1881, D'URBAN as well as Intermezzo. With over 500 retail shops across Asia, Trinity is most noted for its network of retail shops in Greater China which extends beyond first-tier cities to lower-tier cities.

Gieves & Hawkes has been one of the best performing brands for the Group in recent years. Prior to the acquisition, Trinity has been a long-time licensee of Gieves & Hawkes in Greater China, with more than 100 shops under its management. The retail network has substantially built Gieves & Hawkes' presence and enabled it to tap into business opportunities emerging from the Asian region.

A premium British fashion brand established in London in 1771, Gieves & Hawkes has been granted the use of three Royal Warrants of Appointment to HM The Queen, HRH The Duke of Edinburgh and HRH The Prince of Wales. Gieves & Hawkes is one of England's oldest suit retailers and currently runs a network of 13 retail points in UK, one in Ireland and a direct to customer website.

“Premium heritage brands like Gieves & Hawkes are very rare jewels in the market. The acquisition of Gieves & Hawkes is aligned with our strategy to own intellectual rights or take on long term licenses in high-end to luxury menswear brands with a strong heritage. With this acquisition, Trinity can take further steps to enhance the value of the brand and grow its business internationally by leveraging on the solid foundation that Trinity has already built for Gieves & Hawkes across Asia.” said Mr Wong Yat Ming.

Trinity Limited, a member of the privately held Li & Fung Group, is one of the leading high-end to luxury menswear retailers primarily serving Greater China.

Trinity Limited


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

30th rank for India in WEF global manufacturing index

Textiles | On 16th Jan 2018

30th rank for India in WEF global manufacturing index

India has been ranked 30th on a global manufacturing index by the...

Indian brand Patanjali to venture into e-commerce

Apparel/Garments | On 16th Jan 2018

Indian brand Patanjali to venture into e-commerce

Baba Ramdev’s Patanjali Ayurved Ltd is all set to venture into...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search