More Bleak House than Downton Abbey: Earl of Grantham’s white-tie suits supplier suffers £10million loss
- Huntsman’s owner Pierre Lagrange is estimated to be worth £239million
- The Savile Row brand made costumes for the film Tinker Tailor Soldier Spy
- Lagrange wore a Huntsman blazer at his Ibiza wedding in July to Ebs Burnough
Huntsman, the Savile Row tailor owned by Belgian hedge fund manager Pierre Lagrange, lost more than £10million last year as it embarked on a turnaround.
The co-founder of hedge fund giant GLG Partners, Lagrange bought Huntsman for an undisclosed sum in 2013 with his former boyfriend Roubi L’Roubi, a fashion designer.
Lagrange has expressed bold ambitions for the company, founded in 1849 by Henry Huntsman, which made costumes for the film Tinker Tailor Soldier Spy and supplied the white tie suits for the Earl of Grantham in ITV’s Downton Abbey.
TIE-UP: Hugh Bonneville as the Earl of Grantham in ITV’s Downton Abbey. The Savile Row tailor Huntsman provided the white tie suits for the character
However, new accounts for H Huntsman & Sons show it continues to be loss-making, with liabilities of £10.4million over the year to December 31 last year.
Lagrange, who has a £239million fortune, has promised to continue to support the business, which is expected to become profitable next year. Huntsman’s managing director Phil Kirrage said: ‘Since Pierre took the helm at Huntsman, we have run the business with a start-up mindset, taking risks and making investments that will secure the esteemed tailor’s success for the next 170 years.’
Lagrange wore a Huntsman blazer at his Ibiza wedding in July to Ebs Burnough, a former White House official.