Bespoke tailor and menswear retailer, Gieves & Hawkes, has secured funding from Hilco Capital to bridge to a sale of the business.
Founded in 1771, the prestigious formalwear specialist has been through several changes of ownership, most recently being acquired by Hong Kong conglomerate, Trinity Group, in 2012. With parts of the wider Trinity Group subject to insolvency proceedings and unable to fund Gieves & Hawkes' working capital requirements, Hilco Capital has provided bridging finance to enable the business to continue trading while a sale process is conducted.