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 and Hawkes 'weak' after loss

Savile Row tailor Gieves & Hawkes has said it is in a “weak” position after it continued to lose money last year despite rising sales.

Like-for-likes at the British business rose 2.9% in the 12 months to December 31. Turnover also increased, from £15.2million to £18million.

However, it made a £666,000 pre-tax loss, according to accounts filed at Companies House.

Retail sales were down 3.7% to £13m, driven by the closure of two standalone stores and two concession midway through 2013.

Wholesale sales increased 177.8% to £5m, owed to increasing demand in Greater China.

Since being bought by Hong Kong billionaires Victor and William Fung three years ago the business has refurbished its flagship store at 1 Savile Row.

Readers' comments (2)

  • The only people to make money are the shop fitters,. The store has had 4 shop fits in my time, over the last 8 years.
    Lets see what the rest of the Brands come up with i.e Kent and Curwen, Kilgour ,Hardy Amies, do any of them make a profit?
    Its a bit if a disgrace that such an iconic Brand can't make a profit ,question is who to blame!!!!!

    Unsuitable or offensive? Report this comment

  • 13th Jan 2015 must haunt them. Suggest they read the article once again!

    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.