TRINITY LIMITED GOES INTO LIQUIDATION

Chinese conglomerate Trinity Limited which has owned Kent and Curwen since 2008, Cerruti 1881 since 2011 and storied British menswear label Gieves and Hawks since 2012 has been placed into liquidation after it failed to find a buyer for the latter brand (its fall/winter 2020 campaign is pictured).

The company announced that the Supreme Court of Bermuda ordered that FTI Consulting of Hong Kong and R&H Services Limited be appointed Joint and Several Liquidators of the company.

It added yesterday: “The Joint and Several Liquidators have been assessing the financial position of the Group and considering the opportunity of a possible restructuring of the Group. Further announcements will be made by the Company to update the shareholders of the Company and the public on the development of restructuring of the Group as and when appropriate.”

In addition, shares of the Trinity Limited, which suspended trading on the Hong Kong Stock Exchange on April 1, 2021 will remain suspended until further notice.

The Times of London, which first broke the story, reports that Marks and Spencer may still be interested in acquiring 250-year-old Gieves and Hawks.

However, the fates of all of Trinity’s brands remain unclear and precarious at this time.