×
1 603
Fashion Jobs
TJX CANADA
District Manager, Gta
CDI · Mississauga
TJX CANADA
Loss Prevention, Store Investigator - Gta
CDI · Mississauga
TJX CANADA
Loss Prevention Regional Orc Investigator - Calgary
CDI · Calgary
L'OREAL GROUP
Project Coordinator - Merchandising And Education
CDI · Montréal
ESTÉE LAUDER
Associate Consultant - Clinique - Halifax, ns
CDI · Halifax Regional Municipality
TJX CANADA
Summer Term Finance Analyst cO-Op
CDI · Mississauga
ESTÉE LAUDER
Consultant - Clinique - 28 Hrs - Hudson's Bay Market Mall - Calgary, ab
CDI · Calgary
ESTÉE LAUDER
Consultant - Clinique - 28 Hrs - Hudson's Bay Market Mall - Calgary, ab
CDI · Calgary
ADIDAS
Director of Sales - Adidas Golf
CDI · Vaughan
TJX CANADA
Distribution Services Purchasing Specialist
CDI · Mississauga
TJX CANADA
Loss Prevention Store Investigator - Vancouver
CDI · Vancouver
TJX CANADA
Buyer ii
CDI · Mississauga
TJX CANADA
Loss Prevention Systems Remote Investigator
CDI · Mississauga
L'OREAL GROUP
Key Account Manager - Vancouver
CDI · Vancouver
ESTÉE LAUDER
Manager, Finance & Business Management
CDI · Toronto
ZARA
Operations Manager, Zara Halifax
CDI ·
TJX CANADA
Loss Prevention Customer Service Agent -Gta
CDI · Mississauga
ESTÉE LAUDER
Manager, Marketing - jo Malone London
CDI · Toronto
MASSIMO DUTTI
Assistant Gérant, Massimo Dutti Carrefour Laval
CDI · LAVAL
NORDSTROM
Asset Protection - Agent - Pacific Centre
CDI · Vancouver
TJX CANADA
Loss Prevention Customer Service Agent - Vancouver
CDI · Vancouver
L'OREAL GROUP
Sales Representative
CDI · Québec
Published
Oct 26, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gieves & Hawkes edges closer to end game over parent company woes

Published
Oct 26, 2021

Gieves & Hawkes, the luxury bespoke tailoring business, could be a step nearer to closing down after 250 years as the problems facing its parent company continue to weigh on its operations and a crunch creditor vote looms next week. Also at risk is sister company Kent & Curwen.


Gieves & Hawkes



The Savile Row tailor and its portfolio-mate face a winding up order and could close unless a new backer is found, The Times reported.

The firms are ultimately owned by Chinese conglomerate Shandong Ruyi Technology Group, which is struggling in the face of a huge debt load. The business also owns the Cerruti brand.

It’s believed that the search for a buyer continues and a restructuring firm has been recruited. But sources told the newspaper that the best chance of finding a buyer is to opt for liquidation.

In recent years, buyers of distressed brands have often shown themselves more willing to step up once a company has been put into administration or liquidation as it removes many of the complications (such as onerous store leases) that would come with buying a going concern.

Gieves & Hawkes has its historic premises a 1 Savile Row but also operates another 58 shops in 25 cities.

The crucial creditor vote in Hong Kong will happen on November 4.

Copyright © 2022 FashionNetwork.com All rights reserved.