The rise of the fourth Conglomerate.

Hong Kong based Fung Capital, the investment company run by Li & Fung have announced the acquirement of tailoring house Kiljour. This is not the only Saville Row brand that the Fung family have purchased.  Gieves and Hawkes and Hardy Amies are a number of Saville Row brands to be scooped up by the firm. The New York Times reported “Gieves and Hawkes has its largest customer base in China and has been gathering a tailor’s knowledge of these new clients.” One could argue that supply should follow demand and if there is a larger market in east Asia for British heritage goods then perhaps investors in this region will have a better understanding on how to capitalise on their home market. This also breaks up the market share between the LVMH and Kerring power struggle, and about time too I say!