Chinese textile magnate Qiu Yafu spent years buying up luxury fashion labels including Savile Row’s Gieves & Hawkes. Now, the British tailor and others are part of a liquidation process in Hong Kong.
Chinese textile magnate Qiu Yafu spent years buying up luxury fashion labels, saying he wanted to build a rival to LVMH Moët Hennessy Louis Vuitton SE .
That ambition is now faltering, embroiling iconic brands he snapped up along the way, including Paris fashion house Cerruti 1881 and London’s Gieves & Hawkes, the Savile Row tailor that has dressed British royalty for more than 200 years.
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