×
77 892
Fashion Jobs
BANANA REPUBLIC
General Manager - st. Augustine Premium
Permanent · ST. AUGUSTINE
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Akron
ROSS
Store Protection Specialist
Permanent · Hamilton Township
MACY'S
Manager, Asset Protection - Multi-Store
Permanent · Raleigh
MACY'S
Manager, Merchandise Execution
Permanent · Grapevine
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Hanes
Permanent · Winston-Salem
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Mall at University Town Center Sarasota
Permanent · Sarasota
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Livingston
Permanent · Livingston
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, Memorial City
Permanent · Houston
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Marketstreet Lynnfield
Permanent · Lynnfield
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Shops at Lacantera
Permanent · San Antonio
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Tysons Corner
Permanent · McLean
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Burlington
Permanent · Burlington
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Mall of New Hampshire
Permanent · Manchester
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Rockingham Park
Permanent · Salem
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Dartmouth
Permanent · Dartmouth
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Holyoke
Permanent · Holyoke
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, West County
Permanent · Des Peres
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Arbor Place
Permanent · Douglasville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Savannah Outlets
Permanent · Pooler
ABERCROMBIE AND FITCH CO.
Part/Full-Time Fit Consultant (Size 4)
Permanent · Columbus
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Avenue Murfreesboro
Permanent · Murfreesboro
Published
Jan 4, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gieves & Hawkes, Kent & Curwen and Cerruti at risk as owner goes under

Published
Jan 4, 2022

Trinity Limited, the owner of Gieves & Hawkes, has been placed into liquidation following a failed attempt by advisory firm RSM to sell the 250-year-old luxury British brand. The Chinese company also owns the Kent & Curwen and Cerruti labels and all three brands face an uncertain future. The firm has appointed FTI Consulting and R&H Services as joint liquidators.


Gieves & Hawkes



Gieves & Hawkes, which has a Savile Row store as well as others in Britain, was acquired by Trinity 10 years ago. Trinity is part of the Shandong Ruyi empire built up by founder and chairman Qui Yafu as the firm targeted the creation of a luxury group to rival the big names of European high-end fashion. Shandong Ruyi also owns France’s SMCP.

The news of the liquidation was reported by The Times, which said neither Trinity nor FTI have replied to requests for comment.

It also said Trinity is believed to owe millions to David Beckham after the deal to licence his name and image for the Kent & Curwen brand was ended early. Kent & Curwen has ceased trading in the UK but it’s unclear whether its Chinese operations are still active.

Meanwhile, a notice on Cerruti’s website simply says “our e-com site is evolving. More news soon”. 

The news about Trinity and its brands comes as no surprise after numerous reports pre-Christmas that it was on the verge of collapse. It has actually been working to prevent that for two years, via an appeal against a winding-up order in courts in Bermuda and Hong Kong. 

But given the precarious backdrop of the pandemic, its finances haven’t improved.

The big question now is: what happens to the brands? While buyers could still be found, it seems unlikely that they would take on the store estates and workforces in their current forms. 

The newspaper said M&S “remains interested in” buying the Gieves & Hawkes brand name. It was widely reported last year that it would like to buy the label following its acquisition of upscale brand Jaeger as part of its owned and third-party brands strategy. But the newspaper also said the complex ownership structure of Trinity Limited “has frustrated any traditional sale process”.

Copyright © 2023 FashionNetwork.com All rights reserved.