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Tony Wright, Phil Pierce and Russell Cash, partners at business advisory firm FRP Advisory, were appointed joint administrators on 8 February following tough trading at Berwin & Berwin.
Upon appointment, they sold the UK part of the business and its assets to Formal Tailoring 1885 Limited, which is part of the EWM Group.
The acquisition includes its three brands Paul Costelloe, Lambretta and Baumler, 36 menswear concessions and outlets, and all existing stock.
Last month Drapers exclusively revealed that EWM Group was in advanced talks to buy Berwin & Berwin, which had been acquired by an unknown consortium of investors, unrelated to EWM Group.
Following completion of its purchase by EWM Group, Berwin & Berwin will now open a further five menswear concessions in 2018 and its brands will be stocked in EWM Group’s Days Department Stores and other stores within the group.
Berwin & Berwin’s German and Hungarian operations will also be run by EWM Group, which will act as the main operator in a joint venture with unnamed partners. Baumler is based in Berwin & Berwin’s German office, while Berwin & Berwin’s Hungarian operations are home to the company’s factory.
EWM Group said it will protect all…
The Merino Company (TMC) and Berwin & Berwin, one of Europe's largest suit manufacturers and distributors, signed an agreement that gives Berwin & Berwin exclusive rights to the distribution of TMC branded, tailored wool suits.
The agreement will see Berwin & Berwin tailored suits made from TMC's wool brand platforms, distributed to UK department stores, retail boutiques, as well as featuring in over fifty House of Fraser stores. TMC's wool brand platforms included Generation W, Natural Tasmanian Wool, Naturally Organic Wool, and ZeroCO2.
Commenting on the deal, Simon Berwin, Managing Director of Berwin & Berwin said "As producer of brands and private labels we are always looking for newness and we were immediately taken by the foresight and innovation offered by TMC. We think their wool products marketed through our suits will add value as well as interest at an unusual time in the market place."
"We are very excited to partner with Berwin & Berwin and look forward to a long lasting relationship. The addition of Berwin & Berwin's distributor network to TMC's American, Australasian, European and Japanese sales force will help us to further penetrate sales channels throughout the world" said Mark Mackinnon, CEO of TMC.
The first…