Tie Rack
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|
| Private (taken over by Fingen SpA in 2007) | |
| Industry | Retail (Clothing) |
| Founded | 1981 |
| Headquarters | Brentford, Middlesex, England |
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Key people
|
Corrado Colli (CEO) |
| Products | Ties and scarves |
| Website | http://www.tie-rack.co.uk |
Tie Rack is a British-based tie retailer that sells scarves, cufflinks, and many other items of clothing. The stores are often small due to the nature of the product, and as such, are found in airports, railway stations, and shopping centres across the world.
Tie Rack was founded in August 1981 by Roy Bishko. The first store opened in London at 91 Oxford Street; it was converted from a heel bar owned by Bishko from which he had trialled selling ties.
The first airport store opened at Glasgow Airport in 1984 and the current flagship store is located at 295 Oxford Street opposite John Lewis. There are now over 330 stores in 24 countries.
After a phase of consolidation, Tie Rack started to expand again in 2008/09. In July 2009 they had about 260 shops in 26 countries, there of about 190 shops in at least 14 countries of the EU with more than 1.500 employees.
In 1999, the chain store was bought by Frangi SpA Group, and has since benefited from this buyout by being able to sell products under the Frangi brand. In 2007 Fingen Group, Firenze, Italy got the hold of the majority stake.
In 2000 and 2001 the company trialed two different fascias. This was due to Tie Rack's development into a fully fledged fashion accessories retailer.
The first trial commenced in September 2000 at the Southampton store and this store was branded Le Collezioni – Tie Rack.
The second trial commenced in August 2001 at the Regent Street store, with a shop fit designed by Belgian Architect Pierre Vanden Broeck, and this store was branded Frangi - Tie Rack.
Both trials were rolled out to several stores, but it was eventually decided to remain trading under the Tie Rack name as this has good brand recognition with consumers.
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Wikipedia