Gieves & Hawkes brand acquired by Trinity Ltd.
M2 EQUITYBITES-May 3, 2012-Gieves & Hawkes brand acquired by Trinity Ltd(C)2012 M2 COMMUNICATIONS http://www.m2.com
High-end to luxury menswear retailer Trinity Limited (SEHK:891) has completed its acquisition of the Gieves & Hawkes brand, the company announced today.
Trinity paid an initial GBP32.5m for the Savile Row tailor brand and will make further annual payments totalling up to GBP60m over a period of 18 years, depending on to the future growth of Gieves & Hawkes' business in Greater China.
Gieves & Hawkes and its business were purchased from Wing Tai Properties Limited (SEHK:369).
Wong Yat Ming, group managing director of Trinity, said that the company is planning to expand the Gieves & Hawkes business elsewhere in Asia and in the UK and other markets.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 3, 2012|
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