- 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.
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 owned by Trinity, itself controlled by Chinese textile giant Shandong Ruyi Technology Group, since 2012.
