Frasers Group set to buy Gieves & Hawkes
What: Acquisition-hungry Frasers Group is reportedly nearing the close of a deal to take over the historic Gieves & Hawkes label.
Why it is important: An agreement to buy the Savile Row tailor is imminent following the collapse of Gieves & Hawkes’ Hong Kong-based owner Trinity Group.
The sale has yet to be confirmed by either Frasers Group or Gieves & Hawkes, but speculation appears confident following a shortlist of bidders made in September and Frasers’ recent purchases of stakes in upscale and mass-market businesses.
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