×
1 118
Fashion Jobs
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
Published
Oct 31, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

M&S is mulling Gieves & Hawkes buy - report

Published
Oct 31, 2021

After rescuing failed Jaeger, it seems M&S now has its sights set on another distressed prestige name, Gieves & Hawkes.


Gieves & Hawkes



A report in the Times at the weekend said M&S is considering a bid for the 250 year-old Savile Row bespoke tailor that also makes ready-to-wear. 

The brand is facing a winding up order later this week in a Hong Kong court after Chinese owner Trinity Group (ultimately a part of struggling Shandong Ruyi) defaulted on a loan. Trinity owns Kent & Curwen and Cerutti too, which are also at risk.

The report said M&S may be considering a swoop on Shandong Ruyi’s Aquascutum label as well. That upscale outerwear brand is no longer sold in the UK but is a well-known British heritage label.

Sources told the Times that M&S was interested in buying Gieves & Hawkes but hadn’t yet named an adviser to run the process. 

Not that success in its aim would be guaranteed. It has been suggested that Trinity would rather sell to another Chinese firm, something it has failed to do so far, and also that a turnaround specialist could be a more likely buyer.

But if no buyer is found, the alternative for Gieves & Hawkes could be liquidation after two-and-half centuries. It’s understood that a liquidator — restructuring firm RSM — has already been lined up. That in itself doesn’t necessarily mean the end of the label though, as some buyers might be interested in taking it on without it being encumbered by store leases.

Given that the firm’s problems largely stem from issues at its parent company, it clearly could still have a future. The big issue for it — and for other businesses in the Shandong Ruyi orbit, such as Sandro and Maje owner SMCP — is that the Chinese firm has too much debt.

It took on this debt to finance its ambitions to be a major luxury group and previously suggested it wanted to be a Chinese version of LVMH. In a massive buying spree, it bought up a number of European high-end brands. 

As for M&S, the company that once only sold its own-brands, now offers a range of third-party labels, and the purchase of Jaeger — for which it has recently launched a first collection — suggests that it has its eye on other prestige brand opportunities.

Copyright © 2022 FashionNetwork.com All rights reserved.