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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search