// Thomas Pink to return after former JD Sports executive Nick Preston acquired its brand
// Preston has worked at JD Sports, Harvey Nichols and House of Fraser
// The deal includes the intellectual property of the brand but not its website or shops
Thomas Pink is reportedly be set to return after former JD Sports executive Nick Preston acquired its brand.
The collapsed shirtmaker shuttered last year amid the Covid-19 pandemic after reports that its owner was trying to sell it.
Preston has worked at JD Sports, Harvey Nichols and House of Fraser, and has brokered a deal to buy the intellectual property of the shirtmaker, Mail on Sunday reported.
- Thomas Pink to return online as parent company LVMH seeks buyer
- Thomas Pink shutters London flagship store
The deal includes the intellectual property of the brand but not its website or shops.
Thomas Pink was acquired by Louis Vuitton owner LVMH in 1999 for £45 million from its founders, Irish brothers John, James and Peter Mullen.
Last year, it closed its flagship store in London.
In the year to December 31, 2018, Thomas Pink reported that its operating losses widened by 20 per cent to £23.5 million.
A new holding company called Thomas Pink Shirtmaker has been set up in the US.
Private equity firms had also considered bidding for the assets.
In January, Thomas Pink announced that it will return after closing down its website and social media channels.
The fashion retailer had shut down its website and social media pages in December. It was also removed from LVMH’s “Fashion and Leather Goods” website page, which houses all of its brands.
Thomas Pink posted on its website: “Don’t fret—we’ll be back soon. We’re excited to announce that we’re returning to our roots with the same team that has helped build Thomas Pink Shirtmakers over the years”.
“We have some things to iron out and button up, but will be back soon with an improved website to offer you the highest quality English shirting made for modern life that you have come to know and love.”