Men’s heritage brand Wolsey will stop wholesaling its main collection from spring 18, Drapers has learned.
It is understood that the 262-year-old business, which is owned by Jamey Hargreaves, son of Matalan founder John Hargreaves, will continue to wholesale its golfwear collection.
The main range will still be sold direct to consumers via the Wolsey website and in its London store on Brewer Street in Soho.
It is not known whether any jobs will be affected. Wolsey declined to comment.
Independent stockists listed on the firm’s website include Woods Menswear in Maidstone, Meet Bernard in Greenwich London, Western Assembly in Shoreditch, east London, Giancarlo Ricci in Liverpool and Accent Clothing in Leeds.
In its most recent financial results for the year to 29 February 2016, sales at Wolsey and its stablemate sportswear label, Morley, fell 32.7% year on year to £3.7m. However, the firm reduced its losses from £3.1m in 2015 to £1.9m.
Managing director Danny Brown left the business in February 2016. Eric Deardorff was appointed as a replacement in March 2016, but left the following November.
The business was founded in Leicester in 1755 by Henry and Ann Wood. By 1883 the company had become the largest hosiery manufacturer in the Leicester region.
In 1966, Wolsey became part of the Coutaulds Textiles Group, and continued to grow with subsidiary companies in Sweden, Germany, Austria and Switzerland Montreal and Canada.
It was bought by the Hargreaves family in 2010 and two years later it opened its flagship store on Brewer Street.
In July, Wolsey moved its office from Leicester to Cheadle in Cheshire, Companies House documents show.