Frasers Group said to be close to buying Savile Row tailor - report

Sports Direct owner Frasers Group is reported to be close to securing the purchase of Gieves & Hawkes, the historic Savile Row tailor. Frasers Group is said to be in advanced talks to buy the 251-year-old firm, according to Sky News which first reported the news. Frasers Group would not officially comment on the report. Mr Ashley recently stepped down from the board of Frasers Group but remains the group's controlling shareholder. Frasers Group has snapped up a number of troubled brands in recent years, including the collapsed fashion retailer Missguided in June.

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