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

Exclusive: Chester Barrie owner closes branded business

Menswear supplier Prominent Europe is to close its branded business as part of a change in strategy by Japanese owner Itochu Corporation, Drapers can reveal. 

Prominent Europe owns menswear brand Chester Barrie and currently operates the licensing businesses for tailoring brands Simon Carter and Richard James Mayfair.

Chester Barrie’s Savile Row store and website will close. All three brands’ House of Fraser concessions will close by mid-January. Around 30 staff will be affected. 

Drapers previously revealed that its license with Simon Carter expires in December and will not be renewed. The menswear brand has taken the licence and production back in house for 2020. 

Prominent Europe’s wholesale business remains unaffected. It will continue to wholesale Richard James Mayfair and Chester by Chester Barrie in John Lewis. 

Richard James Mayfair’s licence is understood to expire in 18 to 24 months. 

Prominent Europe was founded in 1993 and is a wholly owned subsidiary of Itochu Corporation.

In its is most recent full-year results, to 31 March 2018, revenue grew by 7% to £136m and gross profit dipped 0.5% to £8.2m. 

The business said it faced “challenging market conditions” and its “margins continued to be impacted in the year by US dollar/sterling exchange rate changes in following the Brexit decision”.

Prominent Europe declined to 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.