Day: November 27, 2020

Savile Row tailors predict end of the lockdown look and desire to dress up

Suit makers say there will be a ‘desire to dress up’ after latest Covid lockdown in England

Last week, the designer Jil Sander told the New York Times that it was time to finally ditch sweatpants because “down-dressing is a drainer”.

A harbinger of a certain shift in mood, Sander has captured a moment in which, with lockdown soon to give way to a new tiered system of restrictions in England, we are ready to get dressed again.

“I genuinely feel that post-lockdown there will be a reaction to how we have all been dressing recently,” says Sean Dixon, the managing director of the bespoke tailors Richard James, which has dressed Prince William and Liam Gallagher. “I believe there will be an outpouring of expression, a desire to ‘dress up’.”

His words might feel optimistic: this year, the men’s suit companies Tailored Brands – which owned Men’s Wearhouse among others

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TSB future in doubt after merger collapses

Spanish lender Banco Sabadell has said it will consider options for its UK bank TSB after it called off a planned merger with rival BBVA.

Sabadell and BBVA said they were in merger talks less than two weeks ago, but they failed to agree a price.

Sabadell said it would now seek “strategic alternatives for creating value with regard to the group’s international assets, including TSB”.

It did not specify if that would mean selling TSB, which it bought in 2015.

Separately, TSB said it had “good momentum” in its business growth as well as progress in “taking full control of our IT, delivering a right-sized modern branch network and reducing overall operating costs”.

In January, it signed a deal with US computing giant IBM to run its online banking, bank systems and cash machines, in an attempt to put a stop to the IT failures that have plagued the

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