Drapery Trust
http://dbpedia.org/resource/Drapery_Trust an entity of type: Thing
Drapery Trust was formed in 1925 by Clarence Hatry, a notorious British Financier. He had made his fortune in speculating on oil stocks, and had convinced investors to promote department stores and bring them under the management of a retail conglomerate. The business grew with a number of acquisitions: The business was acquired by Debenhams in 1927. In the 1970s it was decided to bring all the business under one brand, and so the stores of the Drapery Trust were either converted into Debenhams, or were closed.
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Drapery Trust
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Drapery Trust
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Drapery Trust
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44225638
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1058408264
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1970.0
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Debenhams
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Documents and clippings about
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Holding company
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Drapery Trust was formed in 1925 by Clarence Hatry, a notorious British Financier. He had made his fortune in speculating on oil stocks, and had convinced investors to promote department stores and bring them under the management of a retail conglomerate. The business grew with a number of acquisitions:
* Bon Marche (Gloucester)
* Swan & Edgar (Piccadilly Circus) 1927
* Bobby & Co.(Margate, Cliftonville, Folkestone, Eastbourne, Bournemouth, Exeter, Southport, Leamington Spa, Torquay) 1927
* Marshalls Ltd;
* Kennards (Croydon, Staines) 1926
* Drages Furniture Store (High Holborn, Birmingham, Manchester) 1928 The business was acquired by Debenhams in 1927. The business was kept as a separate subsidiary from the main Debenhams group, but with board members of Debenhams joining the board of the trust. At the time it was reported that Drapery Trust controlled 60 stores of department and specialist kind. The Drages business was sold in 1937 to Great Universal Stores. In the 1970s it was decided to bring all the business under one brand, and so the stores of the Drapery Trust were either converted into Debenhams, or were closed.
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co/072921
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2885
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1925