Premium menswear brand Crombie is up for sale, Drapers can reveal.
The heritage brand, founded in 1805, is famous for creating the much-copied Crombie three-quarter-length overcoat style. It added suits to the offer in the 1980s.
The company is owned by former vice-chairman of the Conservative Party Alan Lewis through his investment company, Hartley Investment Trust.
Lewis told Drapers: “We are willing to divest non-core assets such as Crombie, which we believe would be of particular interest to a focused fashion business with the infrastructure to efficiently scale up this brand internationally, or to a retail chain looking to bolster its portfolio of unique intellectual properties.
“Crombie’s worldwide trademarks allow for expansion and diversification into a wide range of product categories, including cosmetics and accessories.”
Crombie has one store, located at 48 Conduit Street in London. Its 11 UK stockists include Selfridges, and independent retailers Stuarts London and Present London.
It is stocked internationally in 11 countries across Asia, Europe and the US.
Drapers understands that it has not yet received any firm bids.