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

Future of Penrose London in doubt

Men’s luxury accessory business Penrose London is likely to go into voluntary liquidation on Thursday, Drapers understands.

Founder Mitchell Jacobs has been out of the business for some time due to ill-health and he told Drapers this week that he “has hung up my designer’s spurs”.

Before he founded Penrose in 2008, Jacobs, a menswear veteran, had created the accessory brand Duchamp.

He parted company with Penrose sales director Michael Whitby-Grubb abruptly six months ago.

Drapers understands that a number of interested parties are looking to acquire the business, which sells to fine menswear shops around the world. Turnover is believed to be about £800,000.

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.