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Japanese firm snaps up Chester Barrie

Tailoring label Chester Barrie has been bought by Prominent Europe, part of Japanese conglomerate Itochu. It was previously owned by UK company Speciality Retail Group. Itochu was revealed as the favourite to buy the business last month (Drapers, June 30). The deal gives Prominent Europe global ownership of the Chester Barrie and Chester trademarks, as well as the brand's flagship store on London's Savile Row.