Kilgour, the venerable Savile Row tailor that has been reinvigorated by designer Carlo Brandelli, has changed hands.
KFS Group Ltd., a private investment firm that has owned Kilgour since 2003, has sold the business to Dubai-based JMH Group, a $250 million concern that supplies chemicals to the construction industry.
JMH Group said it was building a small luxury division. Recently it purchased Ray Ward Gunsmiths, a luxury gun company, and Uplands Stables, a horse racing outfit, through its newly created JMH Lifestyle Ltd. subsidiary. James Hay, a former British Petroleum executive, owns JMH.
The acquisition of Kilgour, which had estimated sales last year of about $10 million, signals JMH's desire to continue to build and diversify its luxury holdings. Terms of the deal were not disclosed. Sources estimated Kilgour commanded about 10 million pounds, or about $14.6 million at average exchange.
The brand has been on an upward arc recently thanks to Brandelli, 37. He was elected British Fashion Council men's wear designer of the year in 2005, and dresses the likes of Jude Law, Daniel Craig and Nick Knight.
The deal signals a redoubled push to grow the brand. Last year, Brandelli launched a more fashion-oriented line built around unstructured suits and jackets. A second store, featuring a big stingray tank, was opened last year on Savile Row in which to showcase it.
The company is exploring retail expansion beyond London, and Brandelli plans to stage Kilgour's first runway show, in Paris, this June. "[The acquisition] represents a wonderful opportunity to help take Kilgour to a whole new level and establish itself as a true international brand in the luxury sector," said David Duncan-Smith, who heads JMH's lifestyle division.
Brandelli will remain with the house in his current role of creative director.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion