M&S eyes Gieves & Hawkes deal as retailer nears permanent closure

Gieves & Hawkes
Gieves & Hawkes has been trading on 1 Savile Row for about 250 years
// Gieves & Hawkes is close to permanent closure as Chinese owner goes into liquidation
// The Savile Row tailor said FTI Consulting and R&H Services have been hired as joint liquidators
// The business was placed into liquidation at the request of Standard Chartered

Gieves & Hawkes is facing permanent closure after its Chinese owner Trinity was put into liquidation.

The Savile Row tailor said FTI Consulting and R&H Services have been appointed as joint liquidators, who are “considering the opportunity of a possible restructuring”.

Despite the appointment of liquidators, a rescue deal could still materialise, with Marks & Spencer remaining an interested suitor.


READ MORE: Gieves & Hawkes at risk of permanent closure as owners in debt


The business was placed into liquidation at the request of Standard Chartered following a failed attempt to find a buyer for the brands.

Gieves & Hawkes has been trading on 1 Savile Row for about 250 years. It has 60 other stores across the UK.

Gieves & Hawkes has been owned by Trinity, itself controlled by Chinese textile giant Shandong Ruyi Technology Group, since 2012.

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