Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Cheshire Bespoke rescued out of liquidation

The assets of bespoke tailoring business Cheshire Bespoke and London menswear store Lutwyche have been sold to its founder Tony Lutwyche and a consortium of new investors.

The business fell into insolvency yesterday (July 2) after one of its largest customers Marks & Spencer “significantly reduced” its orders.

The new deal was concluded at a creditors’ meeting yesterday at the offices of insolvency practitioner David Rubin & Partners. The names of the other investors are not yet known.

Crewe-based Cheshire Bespoke is the last large-scale tailored manufacturer in the UK. The Lutwyche shop is located at 15 Clifford Street, off Savile Row in London’s Mayfair.

The new businesses will still be run by Tony Lutwyche, who was formerly an army officer turned tailor.

“I am delighted that we were finally able to conduct a sale of these assets under difficult circumstances,” said liquidator David Rubin.

“There were significant problems surrounding intellectual property rights in the brand name; considerable shortfalls in the value of the leased equipment and the absence of any premises owned or leased by the companies.” 

He added: “With this deal, it has been possible to offer 81 jobs to former employees in Crewe and five jobs in London.  The assets sale will mean that the considerable skills of the former workforce are saved thus preserving the future export potential of a world-class brand.”


Readers' comments (2)

  • We shall see!

    Unsuitable or offensive? Report this comment

  • Really pleased for the whole workforce. I wish them luck for the future.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.