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

Gieves & Hawkes sells flagship store

Savile Row menswear retailer Gieves & Hawkes has sold its London flagship store for £8.5m.

According to the Sunday Times the tailor has sold its freehold on 1 Savile Row to a group controlled by parent company Hong Kong-based Wing Tai Properties.

The retailer has also closed eight concessions, seven of which were in House of Fraser. It now has four concessions in Selfridges and Harvey Nichols as well as ten stores.

According to accounts filed at Companies House the business made a £2.4m loss in the year to December 2010 with £15.6m turnover down from £16.6m the previous year.

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.